Cheetah Mobile Inc (CMCM) Shares Up 3.1%
Cheetah Mobile Inc (NASDAQ:CMCM)’s share price shot up 3.1% during trading on Tuesday . The stock traded as high as $10.70 and last traded at $10.41, with a volume of 544,061 shares changing hands. The stock had previously closed at $10.10.
Several brokerages have commented on CMCM. Zacks Investment Research raised Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. TheStreet downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th.
The stock has a market cap of $1.47 billion and a price-to-earnings ratio of 62.24. The stock has a 50-day moving average price of $9.80 and a 200-day moving average price of $13.48.
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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