Cheetah Mobile (CMCM) Stock Price Up 8.8%
Shares of Cheetah Mobile Inc (NYSE:CMCM) rose 8.8% during mid-day trading on Thursday . The company traded as high as $15.73 and last traded at $15.23. Approximately 2,414,100 shares changed hands during trading, a decline of 23% from the average daily volume of 3,143,000 shares. The stock had previously closed at $14.00.
CMCM has been the subject of a number of recent analyst reports. Credit Suisse Group set a $11.00 target price on shares of Cheetah Mobile and gave the company a “hold” rating in a research note on Friday, November 24th. BidaskClub lowered shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. One equities research 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. The company has an average rating of “Hold” and an average target price of $11.75.
The firm has a market capitalization of $2,430.00, a P/E ratio of 43.44 and a beta of 3.23. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.85 and a quick ratio of 1.85.
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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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