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

Research analysts at StockNews.com assumed coverage on shares of Cheetah Mobile (NYSE:CMCMGet Free Report) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the software maker’s stock.

Cheetah Mobile Trading Down 1.2 %

Shares of NYSE CMCM opened at $4.17 on Friday. Cheetah Mobile has a 52 week low of $1.87 and a 52 week high of $6.78. The business’s 50 day moving average price is $4.22 and its 200 day moving average price is $4.28.

Cheetah Mobile (NYSE:CMCMGet Free Report) last issued its earnings results on Friday, September 13th. The software maker reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $25.79 million for the quarter.

Cheetah Mobile Company Profile

(Get Free Report)

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.

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