Begins Coverage on Cheetah Mobile (NYSE:CMCM)

Investment analysts at started coverage on shares of Cheetah Mobile (NYSE:CMCMGet Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the software maker’s stock.

Cheetah Mobile Trading Up 1.6 %

Shares of CMCM opened at $1.89 on Monday. Cheetah Mobile has a twelve month low of $1.41 and a twelve month high of $7.95. The firm has a market capitalization of $54.16 million, a P/E ratio of 3.78 and a beta of 1.26. The stock’s fifty day simple moving average is $2.15 and its 200 day simple moving average is $3.11.

Hedge Funds Weigh In On Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC acquired a new stake in Cheetah Mobile Inc. (NYSE:CMCMGet Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.06% of Cheetah Mobile at the end of the most recent reporting period. Hedge funds and other institutional investors own 1.44% 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, Japan, 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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