Cheetah Net Supply Chain Service Stock Set to Reverse Split on Monday, September 28th (NASDAQ:CTNT)

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares are going to reverse split on Monday, September 28th. The 1-150 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, September 27th.

Cheetah Net Supply Chain Service Stock Performance

Shares of Cheetah Net Supply Chain Service stock traded down $0.01 during trading hours on Thursday, reaching $0.03. The company had a trading volume of 98,802,523 shares, compared to its average volume of 18,107,973. Cheetah Net Supply Chain Service has a one year low of $0.03 and a one year high of $424.00. The business has a fifty day simple moving average of $1.30 and a 200 day simple moving average of $57.82. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.56 and a quick ratio of 47.56. The firm has a market cap of $95,016.00, a PE ratio of -0.00 and a beta of -1.00.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.66) by $0.70. Cheetah Net Supply Chain Service had a negative return on equity of 7.88% and a negative net margin of 206.70%.The company had revenue of $0.87 million during the quarter, compared to analysts’ expectations of $0.10 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Monday, September 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel importation and distribution of automobiles. Through its operating subsidiaries, the company sources vehicles from the United States and facilitates their sale and delivery to customers and automotive dealers in overseas markets, particularly China.

The company’s activities may include vehicle procurement, export coordination, international transportation, customs-related support and other logistics services associated with cross-border automobile transactions.