Cheetah Mobile (NYSE:CMCM) Shares Pass Below 50-Day Moving Average – What’s Next?

Shares of Cheetah Mobile Inc. (NYSE:CMCM) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.21 and traded as low as $5.41. Cheetah Mobile shares last traded at $5.42, with a volume of 6,109 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Monday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Cheetah Mobile Trading Up 0.3%

The company’s fifty day moving average is $6.20 and its 200 day moving average is $6.66. The company has a market cap of $164.49 million, a P/E ratio of -4.34 and a beta of 1.95.

Institutional Investors Weigh In On Cheetah Mobile

Several institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its stake in Cheetah Mobile by 17.5% in 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 period. Dimensional Fund Advisors LP purchased a new position in shares of Cheetah Mobile in the fourth quarter worth $69,000. Nomura Holdings Inc. purchased a new stake in Cheetah Mobile during the 3rd quarter valued at $94,000. Finally, Jane Street Group LLC grew its holdings 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 worth $181,000 after acquiring an additional 26,978 shares during the last quarter. 0.41% of the stock is currently owned by hedge funds and other institutional investors.

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.