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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) insider Huan Liu bought 100,000 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was bought at an average cost of $3.30 per share, with a total value of $330,000.00. Following the acquisition, 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 position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cheetah Net Supply Chain Service Price Performance

CTNT opened at $2.43 on Wednesday. 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 company’s 50 day moving average is $128.50 and its 200-day moving average is $4,572.00. Cheetah Net Supply Chain Service Inc. has a 1-year low of $2.28 and a 1-year high of $63,600.00.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($99.00) by $99.04. The business had revenue of $0.87 million during the quarter, compared to analysts’ expectations of $0.10 million. Cheetah Net Supply Chain Service had a negative net margin of 206.70% and a negative return on equity of 7.88%.

Wall Street Analyst Weigh In

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

About Cheetah Net Supply Chain Service

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.