Cheetah Mobile (NYSE:CMCM) Shares Cross Below 50 Day Moving Average – What’s Next?

Cheetah Mobile Inc. (NYSE:CMCM) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.69 and traded as low as $2.86. Cheetah Mobile shares last traded at $2.9350, with a volume of 175 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Cheetah Mobile Stock Performance

The business has a 50 day moving average of $3.69 and a two-hundred day moving average of $5.30. The firm has a market capitalization of $88.99 million, a price-to-earnings ratio of -2.51 and a beta of 1.82.

Hedge Funds Weigh In On Cheetah Mobile

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in Cheetah Mobile by 852.7% in the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after purchasing an additional 26,978 shares during the period. Dimensional Fund Advisors LP acquired a new position in Cheetah Mobile during the fourth quarter worth $69,000. Goldman Sachs Group Inc. lifted its stake in shares of Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after buying an additional 3,443 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile in the third quarter valued at $94,000. 0.41% of the stock is owned by institutional investors and hedge funds.

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.