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

StockNews.com assumed coverage on shares of Cheetah Mobile (NYSE:CMCMFree Report) in a report issued on Saturday morning. The brokerage issued a hold rating on the software maker’s stock.

Cheetah Mobile Stock Down 2.9 %

Cheetah Mobile stock opened at $4.43 on Friday. The stock’s 50 day moving average is $4.18 and its 200 day moving average is $4.28. Cheetah Mobile has a one year low of $1.80 and a one year high of $6.78.

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