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

Cheetah Net Supply Chain Service (NASDAQ:CTNT) posted its quarterly earnings data on Thursday. The company reported $0.04 EPS for the quarter, FiscalAI reports. The firm had revenue of $0.87 million during the quarter. Cheetah Net Supply Chain Service had a negative net margin of 389.47% and a negative return on equity of 17.62%.

Cheetah Net Supply Chain Service Trading Up 1.2%

Shares of Cheetah Net Supply Chain Service stock traded up $0.02 on Thursday, reaching $1.64. 818,274 shares of the stock were exchanged, compared to its average volume of 376,940. The business has a 50 day moving average price of $1.72 and a two-hundred day moving average price of $115.70. Cheetah Net Supply Chain Service has a twelve month low of $1.43 and a twelve month high of $424.00. The company has a current ratio of 43.19, a quick ratio of 43.19 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CTNT. Wall Street Zen raised Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Insiders Place Their Bets

In other Cheetah Net Supply Chain Service news, insider Huan Liu purchased 200,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $2.00 per share, for a total transaction of $400,000.00. Following the acquisition, the insider owned 200,877 shares in the company, valued at $401,754. This represents a 22,805.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.47% of the company’s stock.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently raised its stake in Cheetah Net Supply Chain Service stock. Citadel Advisors LLC increased its holdings in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) by 106.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,926 shares of the company’s stock after purchasing an additional 24,212 shares during the period. Citadel Advisors LLC owned approximately 1.72% of Cheetah Net Supply Chain Service worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds 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.