Cheetah Mobile (NYSE:CMCM) Coverage Initiated at StockNews.com

StockNews.com started coverage on shares of Cheetah Mobile (NYSE:CMCMGet Rating) in a research report issued on Friday. The brokerage set a “hold” rating on the software maker’s stock.

CMCM stock opened at $0.72 on Friday. The business has a 50 day simple moving average of $0.93 and a 200-day simple moving average of $1.23. The firm has a market capitalization of $104.36 million, a PE ratio of 7.25 and a beta of 1.28. Cheetah Mobile has a 1 year low of $0.65 and a 1 year high of $2.90.

Several hedge funds have recently bought and sold shares of CMCM. Jane Street Group LLC grew its position in Cheetah Mobile by 22.9% in the third quarter. Jane Street Group LLC now owns 88,480 shares of the software maker’s stock worth $144,000 after acquiring an additional 16,489 shares during the period. BlackRock Inc. grew its position in Cheetah Mobile by 217.4% in the third quarter. BlackRock Inc. now owns 22,343 shares of the software maker’s stock worth $36,000 after acquiring an additional 15,303 shares during the period. Finally, Morgan Stanley grew its position in Cheetah Mobile by 2,558.0% in the second quarter. Morgan Stanley now owns 27,431 shares of the software maker’s stock worth $65,000 after acquiring an additional 26,399 shares during the period. Institutional investors and hedge funds own 1.86% of the company’s stock.

Cheetah Mobile Company Profile (Get Rating)

Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.

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