Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock Price Down 1.3% – What’s Next?

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)’s stock price traded down 1.3% during trading on Tuesday . The company traded as low as $2.95 and last traded at $3.06. 126,549 shares traded hands during 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 Stock Down 5.9 %

The firm has a market capitalization of $5.64 million, a PE ratio of -1.43 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 company has a 50-day moving average price of $2.80 and a 200 day moving average price of $4.01.

Insider Activity at Cheetah Net Supply Chain Service

In other Cheetah Net Supply Chain Service news, insider Huan Liu sold 45,938 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total transaction of $299,515.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 54.72% of the stock is owned by corporate insiders.

Institutional Trading of Cheetah Net Supply Chain Service

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 195,800 shares of the company’s stock, valued at approximately $81,000. Renaissance Technologies LLC owned about 1.09% of Cheetah Net Supply Chain Service as of its most recent SEC filing. 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.