Cheetah Mobile Inc (NYSE:CMCM) shares traded up 8.9% during mid-day trading on Monday . The company traded as high as $13.38 and last traded at $13.32. 855,889 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 1,914,317 shares. The stock had previously closed at $12.23.

A number of research analysts have recently issued reports on the company. Credit Suisse Group set a $11.00 price objective on Cheetah Mobile and gave the company a “hold” rating in a research note on Friday, November 24th. TheStreet raised Cheetah Mobile from a “c+” rating to a “b-” rating in a research report on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $11.75.

The company has a market capitalization of $1,760.00, a PE ratio of 33.30 and a beta of 3.52. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02.

Cheetah Mobile (NYSE:CMCM) last issued its earnings results on Tuesday, November 21st. The software maker reported $0.14 EPS for the quarter. Cheetah Mobile had a return on equity of 10.76% and a net margin of 7.44%.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Cheetah Mobile by 46.1% in the 4th quarter. BlackRock Inc. now owns 712,575 shares of the software maker’s stock valued at $8,608,000 after buying an additional 224,853 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Cheetah Mobile during the 4th quarter worth approximately $752,000. Smith Asset Management Group LP bought a new stake in Cheetah Mobile during the 4th quarter worth approximately $220,000. Finally, Advisors Preferred LLC bought a new stake in Cheetah Mobile during the 4th quarter worth approximately $108,000. 7.06% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Watch List News and is the property of of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.watchlistnews.com/cheetah-mobile-cmcm-trading-8-9-higher/1861958.html.

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.

Receive News & Ratings for Cheetah Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile and related companies with MarketBeat.com's FREE daily email newsletter.