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

Cheetah Mobile Inc. (NYSE:CMCM)’s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.15 and traded as low as $5.33. Cheetah Mobile shares last traded at $5.3350, with a volume of 4,779 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Cheetah Mobile Price Performance

The stock has a fifty day moving average of $6.15 and a 200 day moving average of $6.52. The firm has a market capitalization of $161.74 million, a P/E ratio of -4.27 and a beta of 1.84.

Institutional Trading of Cheetah Mobile

Hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP bought a new stake in Cheetah Mobile during the fourth quarter worth $69,000. Nomura Holdings Inc. bought a new stake in Cheetah Mobile during the third quarter worth $94,000. Goldman Sachs Group Inc. lifted its holdings in Cheetah Mobile by 17.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock worth $139,000 after acquiring an additional 3,443 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Cheetah Mobile by 852.7% during the fourth 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 period. 0.41% of the stock is currently owned by 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.