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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares fell 1.3% on Tuesday . The stock traded as low as $2.95 and last traded at $3.06. 126,549 shares were traded during mid-day 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 Trading Down 1.3 %

The company has a market capitalization of $6.00 million, a P/E ratio of -1.51 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 14.85 and a quick ratio of 14.86. The business’s 50-day moving average price is $2.80 and its two-hundred day moving average price is $4.05.

Insider Transactions at Cheetah Net Supply Chain Service

In other news, insider Huan Liu sold 45,938 shares of the business’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total value of $299,515.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 54.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Cheetah Net Supply Chain Service

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC purchased a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned approximately 1.09% of Cheetah Net Supply Chain Service at the end of the most recent quarter. Hedge funds and other institutional investors own 0.04% of the company’s stock.

About Cheetah Net Supply Chain Service

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.