Cheetah Mobile (NYSE:CMCM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Cheetah Mobile (NYSE:CMCM) in a research note released on Tuesday. The firm issued a hold rating on the software maker’s stock.

Cheetah Mobile Trading Up 11.7 %

Shares of CMCM stock opened at $3.45 on Tuesday. The business’s fifty day moving average is $2.76 and its 200-day moving average is $2.28. Cheetah Mobile has a 1 year low of $1.64 and a 1 year high of $5.20.

Institutional Trading of Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC acquired a new stake in shares of Cheetah Mobile Inc. (NYSE:CMCM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.41% 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.