Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading 1.9% Higher – Time to Buy?

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

Cheetah Net Supply Chain Service Stock Up 1.9 %

The company has a quick ratio of 14.86, a current ratio of 14.85 and a debt-to-equity ratio of 0.04. The company has a market cap of $5.61 million, a PE ratio of -1.04 and a beta of 2.05. The company’s fifty day moving average is $2.87 and its 200-day moving average is $3.31.

Insider Transactions at Cheetah Net Supply Chain Service

In other news, insider Huan Liu sold 45,938 shares of the company’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 54.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC purchased a new stake in Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 at the end of the most recent quarter. 0.04% of the stock is currently owned by hedge funds and other institutional investors.

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.