Cheetah Mobile (NYSE:CMCM) Stock Price Crosses Below 50-Day Moving Average – Here’s What Happened

Cheetah Mobile Inc. (NYSE:CMCM) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.93 and traded as low as $4.40. Cheetah Mobile shares last traded at $4.59, with a volume of 29,343 shares traded.

Wall Street Analysts Forecast Growth

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

Cheetah Mobile Price Performance

The firm’s 50-day moving average price is $4.93 and its two-hundred day moving average price is $4.29.

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

Cheetah Mobile Company Profile

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.