Investment analysts at StockNews.com began coverage on shares of Cheetah Mobile (NYSE:CMCM – Get Free Report) in a note issued to investors on Friday. The firm set a “hold” rating on the software maker’s stock.
Cheetah Mobile Price Performance
Shares of Cheetah Mobile stock opened at $2.50 on Friday. Cheetah Mobile has a 1 year low of $1.41 and a 1 year high of $6.50. The company’s fifty day moving average is $2.33 and its two-hundred day moving average is $2.42.
Institutional Trading of Cheetah Mobile
A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC bought a new position in Cheetah Mobile Inc. (NYSE:CMCM – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned 0.06% of Cheetah Mobile as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 0.73% 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.
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