Cheetah Mobile Inc Hits New 52-Week High at $28.65 (CMCM)
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) hit a new 52-week high on Monday , StockRatingsNetwork reports. The company traded as high as $28.65 and last traded at $27.38, with a volume of 1,020,673 shares changing hands. The stock had previously closed at $28.39.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of Cheetah Mobile Inc in a research note on Thursday, July 24th. They set a “buy” rating on the stock. Separately, analysts at Macquarie initiated coverage on shares of Cheetah Mobile Inc in a research note on Monday, July 14th. They set an “outperform” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Cheetah Mobile Inc in a research note on Thursday, June 12th. They set an “outperform” rating and a $23.00 price target on the stock.
The stock has a 50-day moving average of $21.4 and a 200-day moving average of $19.58. The company has a market cap of $2.530 billion and a P/E ratio of 383.65.
Cheetah Mobile Inc, formerly Kingsoft Internet Software Holdings Limited, is a holding company. The Company is a wholly owned subsidiary of Kingsoft Corporation Limited.
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