StockNews.com Initiates Coverage on Cheetah Mobile (NYSE:CMCM)

StockNews.com started coverage on shares of Cheetah Mobile (NYSE:CMCM) in a report released on Wednesday. The brokerage set a “hold” rating on the software maker’s stock.

Cheetah Mobile Stock Up 8.3 %

CMCM opened at $4.29 on Wednesday. Cheetah Mobile has a 12 month low of $1.64 and a 12 month high of $5.20. The firm’s fifty day simple moving average is $2.90 and its 200 day simple moving average is $2.34.

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.