Cheetah Mobile Inc. (CMCM) Stock Price Up 18.3%
Cheetah Mobile Inc. (NYSE:CMCM)’s share price rose 18.3% during trading on Wednesday . The company traded as high as $13.30 and last traded at $12.80. Approximately 6,738,100 shares traded hands during mid-day trading, an increase of 619% from the average daily volume of 936,675 shares. The stock had previously closed at $10.82.
CMCM has been the topic of a number of recent analyst reports. BidaskClub raised Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective on the stock in a research note on Monday, August 28th. Credit Suisse Group assumed coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 price objective on the stock. Nomura upped their price target on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Instinet reaffirmed a “neutral” rating and set a $12.00 price target (up previously from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. Cheetah Mobile currently has a consensus rating of “Hold” and a consensus price target of $11.38.
The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market cap of $1,554.11, a P/E ratio of 49.18 and a beta of 3.01.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/cheetah-mobile-inc-cmcm-stock-price-up-18-3/1720371.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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.