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

Cheetah Mobile Inc. (NYSE:CMCM)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty 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 trading hands.

Wall Street Analysts Forecast Growth

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

Cheetah Mobile Stock Performance

The company has a 50 day simple moving average of $4.93 and a two-hundred day simple moving average of $4.30.

Cheetah Mobile (NYSE:CMCM) last issued 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.