Cheetah Mobile (NYSE:CMCM) Stock Passes Above Fifty Day Moving Average – Time to Sell?

Cheetah Mobile Inc. (NYSE:CMCM)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.48 and traded as high as $7.00. Cheetah Mobile shares last traded at $6.9510, with a volume of 9,220 shares trading hands.

Wall Street Analyst Weigh In

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

Cheetah Mobile Stock Performance

The stock has a market capitalization of $210.75 million, a PE ratio of -3.44 and a beta of 1.88. The stock’s 50 day moving average is $6.48 and its two-hundred day moving average is $6.99.

Institutional Trading of Cheetah Mobile

Institutional investors have recently made changes to their positions in the company. Nomura Holdings Inc. purchased a new stake in shares of Cheetah Mobile during the third quarter worth approximately $94,000. Goldman Sachs Group Inc. lifted its holdings in 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. Dimensional Fund Advisors LP purchased a new position in Cheetah Mobile in the 4th quarter valued at $69,000. Finally, Jane Street Group LLC boosted its stake in Cheetah Mobile by 852.7% during the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after purchasing an additional 26,978 shares during the last quarter. 0.41% of the stock is owned by institutional investors and hedge funds.

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.