Cheetah Mobile (NYSE:CMCM) Coverage Initiated at StockNews.com

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

Cheetah Mobile Stock Up 9.7 %

CMCM stock opened at $6.09 on Friday. Cheetah Mobile has a 52 week low of $1.64 and a 52 week high of $6.49. The business has a 50-day simple moving average of $3.64 and a 200 day simple moving average of $2.69.

About Cheetah Mobile

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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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