Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading 1.9% Higher – Here’s What Happened

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT)’s stock price 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 changed hands during mid-day 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 Stock Up 1.9 %

The firm has a market cap of $5.61 million, a P/E ratio of -1.04 and a beta of 2.05. 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 business has a 50-day moving average price of $2.87 and a 200-day moving average price of $3.31.

Insider Buying and Selling 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 shares were sold at an average price of $6.52, for a total transaction of $299,515.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 54.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Cheetah Net Supply Chain Service stock. Renaissance Technologies LLC acquired a new stake in shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC. Institutional investors own 0.04% of the company’s stock.

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.