StockNews.com Begins Coverage on Cheetah Mobile (NYSE:CMCM)

Research analysts at StockNews.com started coverage on shares of Cheetah Mobile (NYSE:CMCM) in a report issued on Tuesday. The brokerage set a “hold” rating on the software maker’s stock.

Cheetah Mobile Price Performance

Shares of NYSE:CMCM opened at $4.83 on Tuesday. The firm has a fifty day moving average of $2.68 and a two-hundred day moving average of $2.25. Cheetah Mobile has a 12-month low of $1.64 and a 12-month high of $5.20.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Cheetah Mobile stock. Renaissance Technologies LLC increased its position in Cheetah Mobile Inc. (NYSE:CMCM) by 22.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,823 shares of the software maker’s stock after acquiring an additional 7,869 shares during the quarter. Renaissance Technologies LLC owned about 0.15% of Cheetah Mobile worth $100,000 at the end of the most recent quarter. 0.41% of the stock is currently owned by institutional investors and hedge funds.

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.