Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock: Insider Huan Liu Buys 100,000 Shares

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu purchased 100,000 shares of the stock in a transaction dated Friday, October 9th. The stock was purchased at an average cost of $3.30 per share, for a total transaction of $330,000.00. Following the completion of the purchase, the insider directly owned 101,340 shares of the company’s stock, valued at approximately $334,422. The trade was a 7,462.69% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Cheetah Net Supply Chain Service Stock Up 11.9%

Shares of CTNT opened at $2.72 on Thursday. The stock has a 50 day moving average price of $122.85 and a 200 day moving average price of $4,277.30. 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 quick ratio of 47.56 and a current ratio of 47.56. The stock has a market capitalization of $3.63 million, a price-to-earnings ratio of -0.00 and a beta of -0.64.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings data 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. Cheetah Net Supply Chain Service had a negative return on equity of 7.88% and a negative net margin of 206.70%. The company had revenue of $0.87 million for the quarter, compared to analyst estimates of $0.10 million.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research report on Monday, September 14th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Cheetah Net Supply Chain Service Company Profile

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.