Renaissance Technologies LLC Buys New Position in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)

Renaissance Technologies LLC bought a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 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 reporting period.

Cheetah Net Supply Chain Service Price Performance

Shares of Cheetah Net Supply Chain Service stock opened at $0.22 on Tuesday. Cheetah Net Supply Chain Service Inc. has a one year low of $0.19 and a one year high of $14.76. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.98 and a quick ratio of 10.98. The stock’s 50-day moving average is $0.23 and its 200 day moving average is $0.98. The firm has a market cap of $3.87 million, a price-to-earnings ratio of -21.64 and a beta of 4.61.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its earnings results on Tuesday, August 13th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Cheetah Net Supply Chain Service had a negative net margin of 6.43% and a negative return on equity of 13.07%. The business had revenue of $0.29 million for the quarter.

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.