Cheetah Mobile (CMCM) Stock Price Down 7.1%

Cheetah Mobile Inc. (NYSE:CMCM)’s share price fell 7.1% during mid-day trading on Wednesday . The company traded as low as $11.02 and last traded at $11.24. 1,480,410 shares changed hands during mid-day trading, an increase of 56% from the average session volume of 951,739 shares. The stock had previously closed at $12.10.

A number of brokerages recently issued reports on CMCM. BidaskClub lowered Cheetah Mobile from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. Instinet reissued a “neutral” rating and issued a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. Nomura increased their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. Credit Suisse Group began coverage on Cheetah Mobile in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 target price for the company. Finally, Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.75.

The firm has a market capitalization of $1,746.58, a PE ratio of 33.78 and a beta of 3.24. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.85.

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Cheetah Mobile Company Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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