Cheetah Net Supply Chain Service (NASDAQ:CTNT) Announces Quarterly Earnings Results

Cheetah Net Supply Chain Service (NASDAQ:CTNT) posted its quarterly earnings results on Friday. The company reported ($0.41) EPS for the quarter, Zacks reports. Cheetah Net Supply Chain Service had a negative net margin of 467.57% and a negative return on equity of 27.96%.

Cheetah Net Supply Chain Service Stock Up 3.8%

Shares of CTNT traded up $0.05 during trading hours on Friday, hitting $1.37. 4,708,487 shares of the company were exchanged, compared to its average volume of 17,002. Cheetah Net Supply Chain Service has a 52 week low of $1.12 and a 52 week high of $8.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 10.15 and a current ratio of 10.15. The firm’s 50 day moving average is $1.74 and its 200-day moving average is $1.57.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.