(CBN-Global) April 20 -- Cheetah Mobile Inc. [NASDAQ:CMCM] which is a high-tech company based in Beijing, was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research note issued on Tuesday.
Shares of Cheetah Mobile traded down 0.36% during mid-day trading on Tuesday, hitting USD16.74. 406,424 shares of the company were exchanged. The firm has a 50 day moving average of $16.16 and a 200 day moving average of USD16.67. Cheetah Mobile has a 12-month low of USD13.33 and a 12-month high of USD36.63. The company has a market capitalization of USD2.32 billion and a price-to-earnings ratio of 109.41.
According to Zacks, "Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People's Republic of China."