Cheetah Net Supply Chain Service (NASDAQ:CTNT) Posts Earnings Results

Cheetah Net Supply Chain Service (NASDAQ:CTNT) released its earnings results on Friday. The company reported ($0.41) earnings per share (EPS) for the quarter, Zacks reports. Cheetah Net Supply Chain Service had a negative net margin of 467.57% and a negative return on equity of 27.96%.

Cheetah Net Supply Chain Service Trading Up 3.8%

Cheetah Net Supply Chain Service stock traded up $0.05 during trading hours on Friday, reaching $1.37. The company had a trading volume of 4,708,487 shares, compared to its average volume of 206,663. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.15 and a quick ratio of 10.15. Cheetah Net Supply Chain Service has a 12-month low of $1.12 and a 12-month high of $8.50. The firm has a market cap of $3.73 million, a price-to-earnings ratio of -0.94 and a beta of 1.93. The company has a 50-day moving average price of $1.75 and a 200 day moving average price of $1.57.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.