Cheetah Mobile (NYSE:CMCM) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Cheetah Mobile Inc. (NYSE:CMCMGet Free Report) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.93 and traded as high as $5.28. Cheetah Mobile shares last traded at $5.15, with a volume of 15,126 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com cut Cheetah Mobile from a “buy” rating to a “hold” rating in a research report on Wednesday.

Check Out Our Latest Analysis on Cheetah Mobile

Cheetah Mobile Stock Performance

The business has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $4.64.

Cheetah Mobile (NYSE:CMCMGet Free Report) last announced its quarterly earnings data on Tuesday, December 17th. The software maker reported ($0.20) EPS for the quarter.

About Cheetah Mobile

(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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