Cheetah Net Supply Chain Service (NASDAQ:CTNT) Trading Down 10.8%

Shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) dropped 10.8% during mid-day trading on Wednesday . The company traded as low as $1.18 and last traded at $1.24. Approximately 161,117 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 54,592 shares. The stock had previously closed at $1.39.

Wall Street Analyst Weigh In

Separately, Maxim Group dropped their price target on Cheetah Net Supply Chain Service from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Wednesday, March 20th.

Cheetah Net Supply Chain Service Stock Performance

The company has a quick ratio of 3.52, a current ratio of 4.16 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $1.71 and its 200-day simple moving average is $1.52.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last announced its earnings results on Monday, March 18th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $5.84 million for the quarter.

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.