Cheetah Mobile Inc (CMCM) Sees Large Volume Increase
Cheetah Mobile Inc (NASDAQ:CMCM) saw unusually-strong trading volume on Wednesday . Approximately 1,396,767 shares traded hands during mid-day trading, an increase of 121% from the previous session’s volume of 632,536 shares.The stock last traded at $11.76 and had previously closed at $10.58.
A number of research analysts have recently weighed in on CMCM shares. TheStreet cut Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th. Zacks Investment Research upgraded Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Monday, June 20th.
The stock has a market capitalization of $1.61 billion and a price-to-earnings ratio of 67.94. The firm’s 50-day moving average price is $9.85 and its 200 day moving average price is $13.43.
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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