Cheetah Mobile Inc. (NYSE:CMCM) shares were down 4.1% during mid-day trading on Tuesday . The company traded as low as $10.28 and last traded at $10.93. Approximately 1,520,300 shares changed hands during trading, an increase of 67% from the average daily volume of 909,174 shares. The stock had previously closed at $11.40.
Several research firms recently issued reports on CMCM. BidaskClub raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Monday, August 28th. Credit Suisse Group AG began coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 target price on the stock. Nomura raised their target price on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Instinet reissued a “neutral” rating and issued a $12.00 target price (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $11.38.
The company has a market cap of $1,637.42, a price-to-earnings ratio of 51.82 and a beta of 3.01. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 1.89.
Cheetah Mobile (NYSE:CMCM) last announced its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Cheetah Mobile had a net margin of 4.57% and a return on equity of 6.79%. The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period in the previous year, the business earned ($0.44) EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis.
About Cheetah Mobile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
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