Cheetah Mobile (NYSE:CMCM) Share Price Passes Above 50-Day Moving Average – Should You Sell?

Cheetah Mobile Inc. (NYSE:CMCM)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.89 and traded as high as $6.25. Cheetah Mobile shares last traded at $5.74, with a volume of 152,780 shares.

Wall Street Analyst Weigh In

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

Cheetah Mobile Trading Up 0.7 %

The business has a fifty day moving average of $4.89 and a 200-day moving average of $4.43.

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.

About Cheetah Mobile

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.