Begins Coverage on Cheetah Mobile (NYSE:CMCM) initiated coverage on shares of Cheetah Mobile (NYSE:CMCMFree Report) in a research note released on Friday. The brokerage issued a hold rating on the software maker’s stock.

Cheetah Mobile Stock Up 1.0 %

NYSE CMCM opened at $2.02 on Friday. Cheetah Mobile has a 1-year low of $1.64 and a 1-year high of $3.58. The firm’s fifty day simple moving average is $1.85 and its 200-day simple moving average is $2.12.

Hedge Funds Weigh In On Cheetah Mobile

An institutional investor recently bought a new position in Cheetah Mobile stock. Jane Street Group LLC bought a new position in shares of Cheetah Mobile Inc. (NYSE:CMCMFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.06% of Cheetah Mobile at the end of the most recent reporting period. 0.66% of the stock is currently owned by institutional investors.

Cheetah Mobile Company Profile

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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.

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