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

Cheetah Mobile Inc. (NYSE:CMCM) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.50 and traded as low as $5.52. Cheetah Mobile shares last traded at $5.6650, with a volume of 20,290 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

Cheetah Mobile Trading Up 0.3%

The company has a market cap of $171.76 million, a PE ratio of -2.80 and a beta of 1.93. The business has a 50 day simple moving average of $6.50 and a two-hundred day simple moving average of $6.81.

Institutional Trading of Cheetah Mobile

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of Cheetah Mobile by 852.7% during the 4th 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. Dimensional Fund Advisors LP acquired a new position in Cheetah Mobile during the fourth quarter worth approximately $69,000. Goldman Sachs Group Inc. raised its stake 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 purchasing an additional 3,443 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of Cheetah Mobile in the 3rd quarter valued at $94,000. Hedge funds and other institutional investors own 0.41% of the company’s stock.

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.