Cheetah Mobile Inc (CMCM) Sees Strong Trading Volume
Cheetah Mobile Inc (NASDAQ:CMCM) saw strong trading volume on Wednesday . 1,822,149 shares were traded during trading, an increase of 167% from the previous session’s volume of 681,661 shares.The stock last traded at $11.95 and had previously closed at $11.79.
Several equities research analysts have recently issued reports on the stock. TheStreet lowered shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th. Zacks Investment Research upgraded shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Monday, June 20th.
The firm has a 50-day moving average of $10.10 and a 200-day moving average of $13.34. The company has a market capitalization of $1.66 billion and a PE ratio of 69.88.
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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