Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading Down 4.2% – Here’s What Happened

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) traded down 4.2% on Monday . The company traded as low as $1.38 and last traded at $1.38. 12,275 shares were traded during trading, a decline of 98% from the average session volume of 602,550 shares. The stock had previously closed at $1.44.

Cheetah Net Supply Chain Service Price Performance

The stock has a 50 day simple moving average of $1.44 and a two-hundred day simple moving average of $2.08. The firm has a market cap of $3.69 million, a PE ratio of -0.68 and a beta of 1.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 14.86 and a current ratio of 14.85.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its earnings results on Monday, May 5th. The company reported ($0.23) EPS for the quarter. Cheetah Net Supply Chain Service had a negative net margin of 39.91% and a negative return on equity of 29.42%. The business had revenue of $0.48 million for the quarter.

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.