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.

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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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