Cheetah Mobile (NYSE:CMCM) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Cheetah Mobile Inc. (NYSE:CMCM) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $4.48 and traded as low as $3.03. Cheetah Mobile shares last traded at $3.3050, with a volume of 7,562 shares.

Wall Street Analysts Forecast Growth

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

Cheetah Mobile Stock Up 9.4%

The firm has a market capitalization of $100.21 million, a P/E ratio of -2.82 and a beta of 1.82. The firm’s 50-day simple moving average is $4.48 and its 200-day simple moving average is $5.70.

Institutional Trading of Cheetah Mobile

A number of hedge funds have recently made changes to their positions in CMCM. Jane Street Group LLC grew its position in Cheetah Mobile by 852.7% in 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 in the last quarter. Nomura Holdings Inc. bought a new position in Cheetah Mobile in the third quarter valued at $94,000. Dimensional Fund Advisors LP bought a new position in Cheetah Mobile in the fourth quarter valued at $69,000. Finally, Goldman Sachs Group Inc. raised its position 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 valued at $139,000 after purchasing an additional 3,443 shares in the last quarter. 0.41% of the stock is owned by institutional investors.

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.