Cheetah Mobile Inc (CMCM) Sees Unusually-High Trading Volume
Cheetah Mobile Inc (NASDAQ:CMCM) saw an uptick in trading volume on Tuesday . 972,364 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 810,235 shares.The stock last traded at $10.21 and had previously closed at $9.65.
Several brokerages have commented on CMCM. Zacks Investment Research upgraded shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. TheStreet lowered shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.
The stock has a market capitalization of $1.41 billion and a price-to-earnings ratio of 59.47. The firm’s 50 day moving average is $10.12 and its 200-day moving average is $14.05.
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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