Analysts at StockNews.com initiated coverage on shares of Cheetah Mobile (NYSE:CMCM – Get Free Report) in a research note issued on Tuesday. The firm set a “hold” rating on the software maker’s stock.
Cheetah Mobile Stock Up 0.9 %
CMCM stock opened at $1.69 on Tuesday. Cheetah Mobile has a 1 year low of $1.41 and a 1 year high of $3.58. The stock’s 50 day moving average price is $1.93 and its 200 day moving average price is $2.17.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Cheetah Mobile stock. Jane Street Group LLC acquired a new position in shares of Cheetah Mobile Inc. (NYSE:CMCM – Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.06% of Cheetah Mobile as of its most recent SEC filing. Institutional investors and hedge funds own 0.66% of the company’s stock.
About Cheetah Mobile
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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