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

Cheetah Net Supply Chain Service (NASDAQ:CTNT) released its quarterly earnings results on Friday. The company reported ($0.41) earnings per share 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%. The company had revenue of $0.36 million during the quarter.

Cheetah Net Supply Chain Service Price Performance

Shares of CTNT opened at $1.37 on Friday. The company has a quick ratio of 10.15, a current ratio of 10.15 and a debt-to-equity ratio of 0.05. Cheetah Net Supply Chain Service has a twelve month low of $1.12 and a twelve month high of $8.50. The stock has a market capitalization of $3.73 million, a P/E ratio of -0.94 and a beta of 1.93. The company has a 50 day moving average of $1.74 and a 200-day moving average of $1.57.

Wall Street Analysts Forecast Growth

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

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.