Cheetah Net Supply Chain Service Stock Set to Reverse Split on Monday, September 28th (NASDAQ:CTNT)

Shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT – Free Report) are going to reverse split on Monday, September 28th. The 1-150 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 27th.

Cheetah Net Supply Chain Service Price Performance

Cheetah Net Supply Chain Service stock traded down $0.01 during midday trading on Thursday, reaching $0.03. The company’s stock had a trading volume of 98,802,523 shares, compared to its average volume of 80,412,936. Cheetah Net Supply Chain Service has a fifty-two week low of $0.03 and a fifty-two week high of $424.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.56 and a quick ratio of 47.56. The stock’s 50 day simple moving average is $1.30 and its 200 day simple moving average is $57.82.

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Cheetah Net Supply Chain Service (NASDAQ:CTNT – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.66) by $0.70. The company had revenue of $0.87 million for the quarter, compared to analyst estimates of $0.10 million. Cheetah Net Supply Chain Service had a negative net margin of 206.70% and a negative return on equity of 7.88%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a report on Monday, September 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

View Our Latest Analysis on Cheetah Net Supply Chain Service

Cheetah Net Supply Chain Service Company Profile

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Cheetah Net Supply Chain Service Limited (NASDAQ: CTNT) is a supply chain services company focused primarily on the parallel importation and distribution of automobiles. Through its operating subsidiaries, the company sources vehicles from the United States and facilitates their sale and delivery to customers and automotive dealers in overseas markets, particularly China.

The company’s activities may include vehicle procurement, export coordination, international transportation, customs-related support and other logistics services associated with cross-border automobile transactions.

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