StockNews.com started coverage on shares of Cheetah Mobile (NYSE:CMCM – Get Rating) in a research report issued to clients and investors on Monday. The firm set a “hold” rating on the software maker’s stock.
Cheetah Mobile Stock Performance
Shares of NYSE CMCM opened at $2.54 on Monday. The company’s 50 day simple moving average is $1.95 and its 200 day simple moving average is $2.63. Cheetah Mobile has a fifty-two week low of $1.41 and a fifty-two week high of $7.75.
Institutional Investors Weigh In On Cheetah Mobile
A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC bought a new stake in Cheetah Mobile Inc. (NYSE:CMCM – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned approximately 0.06% of Cheetah Mobile as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 1.36% of the company’s stock.
About Cheetah Mobile
(Get Rating)
Cheetah Mobile, Inc engages in the provision of Internet and mobile security software. The company operates in three segments: Utility Products & Related Services, Mobile Entertainment Business and Artificial Intelligence & Others. The Mobile Entertainment Business segments include Live.me and mobile games business.
Further Reading
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