Cheetah Mobile Inc (CMCM) Sees Strong Trading Volume
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) saw unusually-strong trading volume on Wednesday . Approximately 1,865,109 shares were traded during trading, an increase of 104% from the previous session’s volume of 914,224 shares.The stock last traded at $11.68 and had previously closed at $12.61.
A number of equities analysts recently commented on CMCM shares. Zacks Investment Research downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a report 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 firm has a 50 day moving average of $10.66 and a 200 day moving average of $13.28. The stock has a market cap of $1.63 billion and a P/E ratio of 68.36.
Cheetah Mobile (NASDAQ:CMCM) last released its quarterly earnings results on Friday, August 19th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.06. The business earned $157.50 million during the quarter, compared to analyst estimates of $149.23 million. During the same period in the previous year, the company earned $0.81 EPS. Cheetah Mobile’s quarterly revenue was up 20.2% compared to the same quarter last year. Equities analysts predict that Cheetah Mobile Inc will post $0.23 EPS for the current year.
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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