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

Shares of Cheetah Mobile Inc. (NYSE:CMCM) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.09 and traded as low as $3.90. Cheetah Mobile shares last traded at $4.06, with a volume of 25,036 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Monday, May 5th.

Cheetah Mobile Stock Performance

The stock has a market capitalization of $123.08 million, a P/E ratio of -1.42 and a beta of 1.75. The business has a 50-day moving average price of $4.09 and a 200 day moving average price of $4.66.

Cheetah Mobile (NYSE:CMCM) last released its earnings results on Wednesday, March 26th. The software maker reported ($0.95) EPS for the quarter. The business had revenue of $32.48 million during the quarter.

Institutional Trading of Cheetah Mobile

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in Cheetah Mobile in the 1st quarter valued at approximately $60,000. E Fund Management Co. Ltd. purchased a new stake in Cheetah Mobile in the first quarter worth approximately $305,000. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Cheetah Mobile in the 1st quarter worth approximately $305,000. 0.41% of the stock is currently owned by institutional investors.

Cheetah Mobile Company Profile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.