Cheetah Mobile (NYSE:CMCM) Shares Pass Below 50 Day Moving Average – Should You Sell?

Cheetah Mobile Inc. (NYSE:CMCM) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $7.70 and traded as low as $6.25. Cheetah Mobile shares last traded at $6.44, with a volume of 14,112 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on CMCM shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cheetah Mobile to a “hold” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Cheetah Mobile Trading Down 0.3%

The firm has a market cap of $195.24 million, a P/E ratio of -2.94 and a beta of 1.85. The business has a 50-day moving average price of $7.70 and a 200-day moving average price of $5.94.

Cheetah Mobile (NYSE:CMCM) last released its quarterly earnings data on Thursday, September 11th. The software maker reported ($0.08) earnings per share for the quarter. The business had revenue of $41.21 million during the quarter. Cheetah Mobile had a negative return on equity of 13.85% and a negative net margin of 47.30%.

Hedge Funds Weigh In On Cheetah Mobile

A number of large investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in Cheetah Mobile during the first quarter worth $60,000. Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile in the 3rd quarter worth $94,000. Finally, E Fund Management Co. Ltd. bought a new position in shares of Cheetah Mobile in the 1st quarter worth $305,000. Institutional investors own 0.41% of the company’s stock.

About Cheetah Mobile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.