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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares are going to reverse split before the market opens 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 Down 16.4%

Shares of CTNT stock traded down $0.01 during trading on Thursday, hitting $0.03. 98,802,523 shares of the company were exchanged, compared to its average volume of 80,412,936. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.56 and a current ratio of 47.56. The firm has a market capitalization of $95,016.00, a price-to-earnings ratio of -0.00 and a beta of -1.00. The business’s 50-day simple moving average is $1.30 and its 200 day simple moving average is $57.82. Cheetah Net Supply Chain Service has a twelve month low of $0.03 and a twelve month high of $424.00.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Monday, September 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently 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 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.