Cheetah Mobile (NYSE:CMCM) Now Covered by StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Cheetah Mobile (NYSE:CMCMGet Rating) in a research note issued on Wednesday. The brokerage set a “hold” rating on the software maker’s stock.

Shares of CMCM stock opened at $0.76 on Wednesday. The firm has a market cap of $109.09 million, a price-to-earnings ratio of 7.58 and a beta of 1.28. The company’s 50 day moving average is $0.78 and its 200 day moving average is $1.05. Cheetah Mobile has a 52-week low of $0.60 and a 52-week high of $2.50.

A hedge fund recently raised its stake in Cheetah Mobile stock. BlackRock Inc. raised its position in Cheetah Mobile Inc. (NYSE:CMCMGet Rating) by 217.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,343 shares of the software maker’s stock after acquiring an additional 15,303 shares during the period. BlackRock Inc.’s holdings in Cheetah Mobile were worth $36,000 as of its most recent filing with the Securities & Exchange Commission. 1.86% of the stock is currently owned by institutional investors and hedge funds.

About Cheetah Mobile (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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