Cheetah Mobile Inc (CMCM) Stock Price Down 3.1%
Cheetah Mobile Inc (NASDAQ:CMCM) was down 3.1% during trading on Friday . The stock traded as low as $9.68 and last traded at $9.77, with a volume of 378,406 shares trading hands. The stock had previously closed at $10.08.
Several equities research analysts have recently commented on CMCM shares. Zacks Investment Research cut Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 2nd. TheStreet cut Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.
The company’s 50 day moving average is $10.03 and its 200-day moving average is $13.94. The stock has a market capitalization of $1.36 billion and a P/E ratio of 57.81.
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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