Cheetah Mobile (NYSE:CMCM) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Cheetah Mobile Inc. (NYSE:CMCM)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.44 and traded as low as $2.79. Cheetah Mobile shares last traded at $2.88, with a volume of 2,249 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Cheetah Mobile Stock Performance

The firm has a 50-day moving average price of $3.44 and a two-hundred day moving average price of $5.14. The firm has a market cap of $87.32 million, a price-to-earnings ratio of -2.46 and a beta of 1.84.

Institutional Trading of Cheetah Mobile

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMCM. Jane Street Group LLC raised its stake in Cheetah Mobile by 852.7% during the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after acquiring an additional 26,978 shares in the last quarter. Nomura Holdings Inc. purchased a new stake in Cheetah Mobile in the third quarter valued at $94,000. Dimensional Fund Advisors LP purchased a new stake in Cheetah Mobile in the fourth quarter valued at $69,000. Finally, Goldman Sachs Group Inc. boosted its stake in Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after acquiring an additional 3,443 shares in the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.