Cheetah Mobile (NYSE:CMCM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Cheetah Mobile (NYSE:CMCM) in a research report released on Thursday morning. The brokerage issued a hold rating on the software maker’s stock.

Cheetah Mobile Trading Up 7.0 %

CMCM stock opened at $2.14 on Thursday. The firm has a 50 day moving average price of $1.85 and a 200-day moving average price of $2.13. Cheetah Mobile has a 52-week low of $1.64 and a 52-week high of $3.58.

Hedge Funds Weigh In On Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Jane Street Group LLC acquired a new position in Cheetah Mobile Inc. (NYSE:CMCM) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,111 shares of the software maker’s stock, valued at approximately $34,000. Jane Street Group LLC owned about 0.06% of Cheetah Mobile as of its most recent SEC filing. Institutional investors and hedge funds own 0.66% of the company’s stock.

About Cheetah Mobile

Cheetah Mobile Inc operates as an internet company in the People's Republic of China, the United States, Japan, and internationally. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; and Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications.