Cheetah Mobile (NYSE:CMCM) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Cheetah Mobile Inc. (NYSE:CMCM – Get Free Report) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $2.87 and traded as low as $2.30. Cheetah Mobile shares last traded at $2.31, with a volume of 1,374 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a research note on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Cheetah Mobile presently has an average rating of “Sell”.

Read Our Latest Research Report on CMCM

Cheetah Mobile Stock Performance

The stock’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $3.68. The stock has a market capitalization of $71.86 million, a PE ratio of -1.57 and a beta of 1.84.

Cheetah Mobile Company Profile

(Get Free Report)

Cheetah Mobile Inc is a Chinese mobile internet company that developed and operated mobile applications, online services and digital entertainment products. Its business historically focused on utility, security and system-management tools for smartphones, including Clean Master, CM Security, Battery Doctor and related applications designed to help users manage device performance, storage, battery life and security.

The company also operated a mobile advertising platform and distributed games through its Cheetah Games business.

Recommended Stories

Receive News & Ratings for Cheetah Mobile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile and related companies with MarketBeat.com's FREE daily email newsletter.