Cheetah Mobile (CMCM) Shares Gap Up to $15.23

Cheetah Mobile Inc (NYSE:CMCM) gapped up before the market opened on Friday . The stock had previously closed at $14.89, but opened at $15.23. Cheetah Mobile shares last traded at $16.94, with a volume of 9390200 shares changing hands.

Several equities research analysts have issued reports on the company. Credit Suisse Group assumed coverage on Cheetah Mobile in a report on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 price target for the company. BidaskClub downgraded Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Friday, October 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. Cheetah Mobile has a consensus rating of “Hold” and a consensus price target of $11.75.

The stock has a market cap of $2,250.00, a price-to-earnings ratio of 40.18 and a beta of 3.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.85.

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Cheetah Mobile Company Profile

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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