Cheetah Net Supply Chain Service (NASDAQ:CTNT) Issues Quarterly Earnings Results

Cheetah Net Supply Chain Service (NASDAQ:CTNT) released its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02), Zacks reports. The firm had revenue of $0.29 million during the quarter. Cheetah Net Supply Chain Service had a negative return on equity of 6.23% and a negative net margin of 1.24%.

Cheetah Net Supply Chain Service Stock Down 10.5 %

Shares of Cheetah Net Supply Chain Service stock traded down $0.03 during trading hours on Wednesday, reaching $0.21. The company’s stock had a trading volume of 927,209 shares, compared to its average volume of 2,820,857. Cheetah Net Supply Chain Service has a one year low of $0.20 and a one year high of $14.76. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.95 and a current ratio of 5.08. The company has a market capitalization of $3.85 million and a P/E ratio of -22.60. The stock’s fifty day simple moving average is $0.43 and its two-hundred day simple moving average is $1.44.

Wall Street Analyst Weigh In

Separately, Maxim Group reissued a “hold” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, May 15th.

Insiders Place Their Bets

In other news, major shareholder Xiaolin Tang sold 1,500,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $1.06, for a total value of $1,590,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 54.72% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.