Cheetah Mobile Inc’s Quiet Period Set To End on June 17th (NYSE:CMCM)
Cheetah Mobile Inc’s (NYSE:CMCM) quiet period is set to end on Tuesday, June 17th. Cheetah Mobile Inc had issued 12,000,000 shares in its public offering on May 8th, American Banking and Market News reports. The total size of the offering was $168,000,000 based on an initial share price of $14.00. During Cheetah Mobile Inc’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Cheetah Mobile Inc (NYSE:CMCM) traded up 6.06% on Thursday, hitting $21.88. The stock had a trading volume of 182,395 shares. Cheetah Mobile Inc has a 1-year low of $12.50 and a 1-year high of $21.21. The stock has a 50-day moving average of $15.59 and a 200-day moving average of $15.59. The company has a market cap of $2.051 billion and a price-to-earnings ratio of 282.60.
Cheetah Mobile Inc develops Internet security software, based in China. It is a wholly-owned subsidiary of Kingsoft Corporation Limited.
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