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

Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) shares are set to reverse split on the morning of 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 Stock Performance

CTNT traded down $0.01 during trading on Thursday, hitting $0.03. 98,802,523 shares of the company traded hands, compared to its average volume of 18,107,973. The firm has a market cap of $95,016.00, a P/E ratio of -0.00 and a beta of -1.00. The stock’s fifty day moving average is $1.30 and its 200 day moving average is $57.82. The company has a quick ratio of 47.56, a current ratio of 47.56 and a debt-to-equity ratio of 0.01. Cheetah Net Supply Chain Service has a one year low of $0.03 and a one year high of $424.00.

Cheetah Net Supply Chain Service (NASDAQ:CTNT) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.66) by $0.70. The business had revenue of $0.87 million during the quarter, compared to the consensus estimate 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%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Cheetah Net Supply Chain Service in a research note on Monday, September 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Cheetah Net Supply Chain Service presently has a consensus rating of “Sell”.

About Cheetah Net Supply Chain Service

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.