Cheetah Mobile (NYSE:CMCM) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Cheetah Mobile (NYSE:CMCM) in a report issued on Tuesday morning. The firm issued a hold rating on the software maker’s stock.

Cheetah Mobile Stock Performance

CMCM stock opened at $3.82 on Tuesday. Cheetah Mobile has a twelve month low of $1.64 and a twelve month high of $5.20. The stock’s 50 day moving average is $2.68 and its 200-day moving average is $2.25.

Hedge Funds Weigh In On Cheetah Mobile

A hedge fund recently raised its stake in Cheetah Mobile stock. Renaissance Technologies LLC boosted its holdings in shares of Cheetah Mobile Inc. (NYSE:CMCM) by 22.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,823 shares of the software maker’s stock after purchasing an additional 7,869 shares during the period. Renaissance Technologies LLC owned about 0.15% of Cheetah Mobile worth $100,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 0.41% 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.