Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock Price Up 1.9% – Should You Buy?

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) rose 1.9% during mid-day trading on Thursday . The stock traded as high as $2.10 and last traded at $2.10. Approximately 9,723 shares were traded during trading, a decline of 83% from the average daily volume of 58,288 shares. The stock had previously closed at $2.06.

Cheetah Net Supply Chain Service Trading Down 1.9 %

The company has a current ratio of 14.85, a quick ratio of 14.86 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $5.50 million, a price-to-earnings ratio of -1.02 and a beta of 2.05. The company has a fifty day moving average price of $2.88 and a two-hundred day moving average price of $3.27.

Insiders Place Their Bets

In related news, insider Huan Liu sold 45,938 shares of the business’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $6.52, for a total value of $299,515.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 54.72% of the stock is owned by insiders.

Hedge Funds 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 the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission. 0.04% of the stock is owned by institutional investors and hedge funds.

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.