Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading Down 1.3% – Here’s Why

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)’s stock price traded down 1.3% during mid-day trading on Tuesday . The stock traded as low as $2.95 and last traded at $3.06. 126,549 shares were traded during trading, a decline of 1% from the average session volume of 127,537 shares. The stock had previously closed at $3.10.

Cheetah Net Supply Chain Service Stock Performance

The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $2.80 and a 200 day moving average price of $4.01. The stock has a market cap of $5.64 million, a P/E ratio of -1.43 and a beta of 2.14.

Insider Activity at Cheetah Net Supply Chain Service

In other Cheetah Net Supply Chain Service news, insider Huan Liu sold 45,938 shares of Cheetah Net Supply Chain Service stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total transaction of $299,515.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 54.72% of the stock is owned by company insiders.

Institutional Trading of Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned about 1.09% of Cheetah Net Supply Chain Service at the end of the most recent reporting period. 0.04% of the stock is owned by institutional investors.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Inc, together with its subsidiaries, supplies parallel-import vehicles in the United States, the People's Republic of China, and internationally. It purchases and resell branded automobiles under the Mercedes, Lexus, Range Rover, RAM and Toyota brands. The company was formerly known as Yuan Qiu Business Group LLC and changed its name to Cheetah Net Supply Chain Service Inc in March 2022.