Cheetah Mobile (CMCM) Trading Down 9.1%

Cheetah Mobile Inc (NYSE:CMCM)’s share price dropped 9.1% on Thursday . The stock traded as low as $12.00 and last traded at $12.01. Approximately 1,150,419 shares were traded during mid-day trading, a decline of 42% from the average daily volume of 1,988,371 shares. The stock had previously closed at $13.21.

CMCM has been the topic of several recent research reports. BidaskClub cut shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Credit Suisse Group set a $11.00 price objective on shares of Cheetah Mobile and gave the stock a “hold” rating in a research note on Friday, November 24th. Finally, TheStreet upgraded shares of Cheetah Mobile from a “c+” rating to a “b-” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.75.

The company has a market capitalization of $1,897.39, a P/E ratio of 36.69 and a beta of 3.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.85 and a quick ratio of 1.85.

Cheetah Mobile (NYSE:CMCM) last released its earnings results on Tuesday, November 21st. The software maker reported $0.14 EPS for the quarter. Cheetah Mobile had a net margin of 7.44% and a return on equity of 10.76%.

A hedge fund recently bought a new stake in Cheetah Mobile stock. Acadian Asset Management LLC bought a new position in shares of Cheetah Mobile Inc (NYSE:CMCM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 62,202 shares of the software maker’s stock, valued at approximately $752,000. 7.22% of the stock is owned by institutional investors.

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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.

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