Cheetah Net Supply Chain Service (NASDAQ:CTNT) Insider Huan Liu Buys 200,000 Shares of Stock

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu acquired 200,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $2.00 per share, with a total value of $400,000.00. Following the purchase, the insider directly owned 200,877 shares in the company, valued at approximately $401,754. This trade represents a 22,805.02% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cheetah Net Supply Chain Service Stock Performance

Shares of CTNT opened at $1.59 on Thursday. The stock has a 50-day simple moving average of $38.98 and a 200-day simple 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 Inc. has a 1 year low of $1.48 and a 1 year high of $424.00.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($4.53) earnings per share (EPS) for the quarter, beating 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 business had revenue of $0.09 million during the quarter, compared to analysts’ expectations of $0.20 million.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Cheetah Net Supply Chain Service to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Two Sigma Investments LP bought a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned about 0.65% of Cheetah Net Supply Chain Service at the end of the most recent quarter. Hedge funds and other institutional investors own 0.04% of the company’s stock.

About Cheetah Net Supply Chain Service

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.