Cheetah Mobile (NYSE:CMCM) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Shares of Cheetah Mobile Inc. (NYSE:CMCM) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.50 and traded as low as $5.52. Cheetah Mobile shares last traded at $5.6650, with a volume of 20,290 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Cheetah Mobile Stock Performance

The firm has a market cap of $171.76 million, a price-to-earnings ratio of -2.80 and a beta of 1.93. The business has a fifty day moving average of $6.50 and a two-hundred day moving average of $6.81.

Institutional Investors Weigh In On Cheetah Mobile

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

About Cheetah Mobile

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.