Cheetah Mobile (NYSE:CMCM) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Cheetah Mobile Inc. (NYSE:CMCM)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.32 and traded as low as $4.31. Cheetah Mobile shares last traded at $4.8040, with a volume of 13,223 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cheetah Mobile in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Cheetah Mobile Price Performance

The stock has a market capitalization of $145.66 million, a P/E ratio of -3.84 and a beta of 1.84. The firm has a 50-day simple moving average of $5.73 and a 200 day simple moving average of $6.32.

Hedge Funds Weigh In On Cheetah Mobile

Several large investors have recently bought and sold shares of the company. Jane Street Group LLC raised its position in Cheetah Mobile by 852.7% in the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after purchasing an additional 26,978 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Cheetah Mobile in the fourth quarter valued at about $69,000. Goldman Sachs Group Inc. raised its position in shares of Cheetah Mobile by 17.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock worth $139,000 after acquiring an additional 3,443 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in shares of Cheetah Mobile during the third quarter worth about $94,000. 0.41% of the stock is currently owned by institutional investors.

Cheetah Mobile Company Profile

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.