Cheetah Mobile (NYSE:CMCM) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Cheetah Mobile Inc. (NYSE:CMCM)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.32 and traded as low as $6.05. Cheetah Mobile shares last traded at $6.0750, with a volume of 16,635 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Cheetah Mobile Stock Performance

The company has a market cap of $184.19 million, a P/E ratio of -3.01 and a beta of 1.93. The business’s fifty day moving average is $6.32 and its two-hundred day moving average is $6.86.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its position in Cheetah Mobile by 17.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,443 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Cheetah Mobile during the 4th quarter worth $69,000. Nomura Holdings Inc. purchased a new position in shares of Cheetah Mobile during the third quarter valued at $94,000. Finally, Jane Street Group LLC increased its stake in shares of Cheetah Mobile by 852.7% during the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after buying an additional 26,978 shares during the period. 0.41% of the stock is currently owned by hedge funds and other institutional investors.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.