Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading Down 1.3% – Should You Sell?

Posted by ABMN Staff on Jan 8th, 2025

Shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT – Get Free Report) dropped 1.3% during trading on Tuesday . The company traded as low as $2.95 and last traded at $3.06. Approximately 126,549 shares traded hands during trading, a decline of 1% from the average daily volume of 127,537 shares. The stock had previously closed at $3.10.

Cheetah Net Supply Chain Service Trading Down 1.3 %

The company has a market cap of $6.00 million, a price-to-earnings ratio of -1.51 and a beta of 2.14. The company has a current ratio of 14.85, a quick ratio of 14.86 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $2.80 and its 200-day moving average price is $4.05.

Insider Buying and Selling at Cheetah Net Supply Chain Service

In related news, insider Huan Liu sold 45,938 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $6.52, for a total transaction of $299,515.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 54.72% of the company’s stock.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC purchased a new stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned about 1.09% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

(Get Free Report)

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.