Insider Buying: Cheetah Net Supply Chain Service (NASDAQ:CTNT) Insider Buys $330,000.00 in Stock

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

Cheetah Net Supply Chain Service Stock Up 16.9%

CTNT stock opened at $3.18 on Friday. The firm has a 50-day simple moving average of $117.36 and a two-hundred day simple moving average of $3,981.55. Cheetah Net Supply Chain Service Inc. has a one year low of $2.28 and a one year high of $63,600.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.56 and a quick ratio of 47.56.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($99.00) by $99.04. The business had revenue of $0.87 million for the quarter, compared to analysts’ expectations 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 research note on Monday, September 14th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Cheetah Net Supply Chain Service has an average rating of “Sell”.

About Cheetah Net Supply Chain Service

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.