Cheetah Net Supply Chain Service (NASDAQ:CTNT) Shares Down 7.3% – What’s Next?

Shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) fell 7.3% on Monday . The stock traded as low as $1.64 and last traded at $1.65. 358,895 shares traded hands during trading, a decline of 79% from the average session volume of 1,672,633 shares. The stock had previously closed at $1.78.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Cheetah Net Supply Chain Service to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Cheetah Net Supply Chain Service Trading Down 1.2%

The company has a 50 day moving average of $38.98 and a two-hundred day moving average of $188.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 43.19 and a current ratio of 43.19. The stock has a market capitalization of $4.71 million, a PE ratio of -0.01 and a beta of -0.89.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its earnings results on Thursday, May 14th. The company reported ($4.53) earnings per share for the quarter, topping the consensus estimate of ($10.00) by $5.47. Cheetah Net Supply Chain Service had a negative return on equity of 17.62% and a negative net margin of 389.47%.The firm had revenue of $0.09 million for the quarter, compared to the consensus estimate of $0.20 million.

Insiders Place Their Bets

In other news, insider Huan Liu purchased 200,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the purchase, the insider owned 200,877 shares in the company, valued at $401,754. This trade represents a 22,805.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.45% of the company’s stock.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently raised its position in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC raised its position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,926 shares of the company’s stock after purchasing an additional 24,212 shares during the quarter. Citadel Advisors LLC owned 1.72% of Cheetah Net Supply Chain Service worth $83,000 at the end of the most recent reporting period. Institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Group, Inc, through its subsidiaries, operates as an integrated supply chain service provider primarily focused on meeting the needs of cross-border e-commerce and consumer goods companies. The company delivers end-to-end supply chain solutions, leveraging an internet-driven platform to enhance transparency, efficiency and cost control across clients’ procurement and logistics operations.

Key offerings include supply chain design and consulting, global procurement and sourcing support, quality control and inspection, as well as bonded and non-bonded warehousing services.