Cheetah Mobile (CMCM) Trading 8.9% Higher
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.
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.
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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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