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

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

Cheetah Mobile Price Performance

NYSE CMCM opened at $4.26 on Wednesday. Cheetah Mobile has a 52-week low of $1.64 and a 52-week high of $5.20. The firm has a 50-day moving average price of $2.99 and a 200 day moving average price of $2.37.

Cheetah Mobile Company Profile

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.