Cheetah Mobile Inc. (CMCM) Trading 18.3% Higher
Cheetah Mobile Inc. (NYSE:CMCM)’s share price traded up 18.3% during trading on Wednesday . The company traded as high as $13.30 and last traded at $12.80. 6,738,100 shares changed hands during trading, an increase of 619% from the average session volume of 936,675 shares. The stock had previously closed at $10.82.
A number of equities analysts recently commented on the company. BidaskClub lowered Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Nomura increased their price target on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Credit Suisse Group assumed coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 price objective for the company. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Monday, August 28th. Finally, Instinet reaffirmed a “neutral” rating and issued a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $11.38.
The firm has a market cap of $1,783.92, a P/E ratio of 34.50 and a beta of 3.01. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.03.
About Cheetah Mobile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
Receive News & Stock Ratings for Cheetah Mobile Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile Inc. and related stocks with our FREE daily email newsletter.