Cheetah Mobile Inc (CMCM) Sees Unusually-High Trading Volume
Cheetah Mobile Inc (NASDAQ:CMCM) shares saw strong trading volume on Wednesday . 1,865,109 shares changed hands 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 research analysts have recently commented on the company. TheStreet lowered Cheetah Mobile from a “hold” rating to a “sell” rating in a research report on Thursday, June 16th. Zacks Investment Research raised Cheetah Mobile from a “sell” rating to a “hold” rating in a research report on Monday, June 20th.
The firm has a market cap of $1.63 billion and a P/E ratio of 68.36. The company has a 50 day moving average price of $10.52 and a 200-day moving average price of $13.30.
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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