StockNews.com Initiates Coverage on Cheetah Mobile (NYSE:CMCM)

StockNews.com began coverage on shares of Cheetah Mobile (NYSE:CMCM) in a report published on Tuesday. The brokerage issued a hold rating on the software maker’s stock.

Cheetah Mobile Price Performance

CMCM stock opened at $3.45 on Tuesday. Cheetah Mobile has a twelve month low of $1.64 and a twelve month high of $5.20. The business’s fifty day moving average is $2.76 and its 200-day moving average is $2.28.

Institutional Trading of Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC purchased a new stake in Cheetah Mobile Inc. (NYSE:CMCM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.06% of Cheetah Mobile at the end of the most recent reporting period. Institutional investors own 0.41% of the company’s stock.

About Cheetah Mobile

Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.