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

Shares of Cheetah Net Supply Chain Service Inc. (NASDAQ:CTNT) are going to reverse split before the market opens 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 Trading Down 16.4%

Shares of NASDAQ:CTNT traded down $0.01 during trading on Thursday, reaching $0.03. The company 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 current ratio of 47.56, a quick ratio of 47.56 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average price is $1.30 and its 200 day moving average price is $57.82.

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

Analyst Ratings Changes

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, Based on data from MarketBeat, the stock currently has an average rating of “Sell”.

Cheetah Net Supply Chain Service Company Profile

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.