Cheetah Mobile Inc (CMCM) Trading Down 3.8%
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) were down 3.8% 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 analysts recently weighed in on CMCM shares. Zacks Investment Research downgraded shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, June 2nd. TheStreet downgraded shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th.
The stock has a market cap of $1.76 billion and a PE ratio of 73.74. The firm’s 50 day moving average is $10.41 and its 200 day moving average is $13.32.
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.