Cheetah Mobile Inc (CMCM) Trading Down 3.8%
Cheetah Mobile Inc (NASDAQ:CMCM) traded down 3.8% during mid-day trading on Tuesday . The stock traded as low as $12.85 and last traded at $13.04, with a volume of 1,106,848 shares changing hands. The stock had previously closed at $13.56.
Several equities research analysts recently issued reports on the company. Zacks Investment Research lowered Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Monday, July 11th. TheStreet downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.
The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $13.29. The company has a market capitalization of $1.63 billion and a PE ratio of 68.36.
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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