Cheetah Mobile Inc (CMCM) Stock Price Down 3.1%
Cheetah Mobile Inc (NASDAQ:CMCM) shares fell 3.1% on Friday . The stock traded as low as $9.68 and last traded at $9.77, with a volume of 378,406 shares. The stock had previously closed at $10.08.
Several brokerages have weighed in on CMCM. Zacks Investment Research raised shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a report on Monday, June 20th. TheStreet lowered shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th.
The firm has a market capitalization of $1.36 billion and a price-to-earnings ratio of 57.47. The company’s 50-day moving average is $10.07 and its 200-day moving average is $13.99.
Cheetah Mobile Inc is a provider of online marketing services, Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers, both of which are powered by its cloud-based data analytics engines.
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