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

Shares of Cheetah Mobile Inc. (NYSE:CMCM) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.86 and traded as low as $4.61. Cheetah Mobile shares last traded at $4.72, with a volume of 43,427 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Thursday, December 19th.

Cheetah Mobile Trading Up 0.2 %

The stock has a fifty day moving average of $4.86 and a 200-day moving average of $4.33.

Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings results on Tuesday, December 17th. The software maker reported ($0.20) EPS for the quarter.

About Cheetah Mobile

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.