Cheetah Net Supply Chain Service (NASDAQ:CTNT) Insider Purchases 100,000 Shares of Stock

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu bought 100,000 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was bought at an average price of $3.30 per share, with a total value of $330,000.00. Following the completion of the purchase, the insider owned 101,340 shares of the company’s stock, valued at $334,422. This trade represents a 7,462.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Cheetah Net Supply Chain Service Price Performance

Shares of NASDAQ:CTNT remained flat at $2.43 during trading on Tuesday. The stock had a trading volume of 76,753 shares, compared to its average volume of 1,339,734. The stock has a 50 day simple moving average of $128.50 and a two-hundred day simple moving average of $4,572.00. The company has a current ratio of 47.56, a quick ratio of 47.56 and a debt-to-equity ratio of 0.01. Cheetah Net Supply Chain Service Inc. has a 52 week low of $2.28 and a 52 week high of $63,600.00.

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

Analyst Ratings Changes

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