Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock: Insider Huan Liu Acquires 100,000 Shares

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu bought 100,000 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was bought at an average price of $3.30 per share, for a total transaction of $330,000.00. Following the purchase, the insider owned 101,340 shares in the company, valued at approximately $334,422. This represents a 7,462.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Cheetah Net Supply Chain Service Stock Performance

Shares of CTNT stock remained flat at $2.43 during trading hours on Tuesday. 76,753 shares of the stock traded hands, compared to its average volume of 1,339,734. Cheetah Net Supply Chain Service Inc. has a twelve month low of $2.28 and a twelve month high of $63,600.00. The firm has a 50 day moving average price of $128.50 and a 200-day moving average price of $4,572.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.56 and a current ratio of 47.56.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($99.00) by $99.04. Cheetah Net Supply Chain Service had a negative return on equity of 7.88% and a negative net margin of 206.70%. The firm had revenue of $0.87 million during the quarter, compared to analyst estimates of $0.10 million.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Monday, September 14th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has a consensus 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-import vehicle market. The company helps facilitate the purchase and sale of vehicles sourced through channels outside a manufacturer’s official distribution network, with an emphasis on serving customers seeking imported automobiles.

Cheetah Net’s activities include vehicle sourcing, supply chain coordination, logistics support and related services associated with the cross-border distribution of automobiles.