Cheetah Mobile (NYSE:CMCM) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Cheetah Mobile Inc. (NYSE:CMCM) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.50 and traded as low as $5.52. Cheetah Mobile shares last traded at $5.6650, with a volume of 20,290 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Cheetah Mobile Stock Up 0.3%

The company has a 50 day moving average of $6.50 and a 200 day moving average of $6.82. The stock has a market capitalization of $171.76 million, a price-to-earnings ratio of -2.80 and a beta of 1.93.

Institutional Trading of Cheetah Mobile

Several institutional investors have recently made changes to their positions in CMCM. Jane Street Group LLC raised its position in shares of Cheetah Mobile by 852.7% in the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after buying an additional 26,978 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Cheetah Mobile in the 4th quarter worth about $69,000. Goldman Sachs Group Inc. lifted its stake in shares of Cheetah Mobile by 17.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,443 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Cheetah Mobile during the 3rd quarter worth about $94,000. 0.41% of the stock is owned by hedge funds and other institutional investors.

About Cheetah Mobile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.