Cheetah Net Supply Chain Service (NASDAQ:CTNT) Stock Price Down 7.3% – Here’s Why

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares fell 7.3% on Monday . The company traded as low as $1.64 and last traded at $1.65. 358,895 shares changed hands during trading, a decline of 79% from the average session volume of 1,672,633 shares. The stock had previously closed at $1.78.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Cheetah Net Supply Chain Service to a “hold” rating in a research note on Saturday, May 23rd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Cheetah Net Supply Chain Service Stock Performance

The firm has a fifty day moving average of $50.04 and a 200 day moving average of $192.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 43.19 and a quick ratio of 43.19. The stock has a market capitalization of $4.88 million, a price-to-earnings ratio of -0.01 and a beta of -0.88.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($4.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($10.00) by $5.47. Cheetah Net Supply Chain Service had a negative return on equity of 17.62% and a negative net margin of 389.47%.The company had revenue of $0.09 million during the quarter, compared to the consensus estimate of $0.20 million.

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. Two Sigma Investments LP purchased a new position in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,750 shares of the company’s stock, valued at approximately $32,000. Two Sigma Investments LP owned approximately 0.65% of Cheetah Net Supply Chain Service as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 0.04% of the company’s stock.

Cheetah Net Supply Chain Service Company Profile

Cheetah Net Supply Chain Service Group, Inc, through its subsidiaries, operates as an integrated supply chain service provider primarily focused on meeting the needs of cross-border e-commerce and consumer goods companies. The company delivers end-to-end supply chain solutions, leveraging an internet-driven platform to enhance transparency, efficiency and cost control across clients’ procurement and logistics operations.

Key offerings include supply chain design and consulting, global procurement and sourcing support, quality control and inspection, as well as bonded and non-bonded warehousing services.