Cheetah Mobile (NYSE:CMCM) Share Price Passes Below 50-Day Moving Average – Should You Sell?

Cheetah Mobile Inc. (NYSE:CMCM)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.27 and traded as low as $2.88. Cheetah Mobile shares last traded at $3.0840, with a volume of 5,330 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Cheetah Mobile Price Performance

The stock’s 50-day moving average is $3.27 and its 200 day moving average is $4.98. The stock has a market cap of $93.51 million, a price-to-earnings ratio of -2.64 and a beta of 1.84.

Institutional Trading of Cheetah Mobile

Hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP acquired a new position in Cheetah Mobile during the fourth quarter worth $69,000. Nomura Holdings Inc. purchased a new position in Cheetah Mobile in the third quarter worth $94,000. Goldman Sachs Group Inc. lifted its holdings in Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after acquiring an additional 3,443 shares during the period. Finally, Jane Street Group LLC lifted its holdings in Cheetah Mobile by 852.7% in the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after acquiring an additional 26,978 shares during the period. 0.41% of the stock is owned by institutional investors and hedge funds.

About Cheetah Mobile

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.