C3is Stock to Reverse Split on Monday, January 26th (NASDAQ:CISS)

Shares of C3is Inc. (NASDAQ:CISS) are scheduled to reverse split on the morning of Monday, January 26th. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, January 25th.

C3is Stock Performance

Shares of C3is stock traded down $0.05 during trading on Thursday, reaching $0.09. The company had a trading volume of 23,605,804 shares, compared to its average volume of 4,618,494. C3is has a fifty-two week low of $0.08 and a fifty-two week high of $7.74. The firm’s fifty day moving average is $0.77 and its 200-day moving average is $2.03. The company has a market cap of $161,980.00, a price-to-earnings ratio of -0.01 and a beta of 1.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of C3is in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Trading of C3is

An institutional investor recently bought a new position in C3is stock. Citadel Advisors LLC acquired a new stake in shares of C3is Inc. (NASDAQ:CISS) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,221 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 0.74% of C3is as of its most recent SEC filing. Institutional investors own 10.54% of the company’s stock.

About C3is

C3is Inc offers international seaborne transportation services. It provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. The company owns and operates a fleet of two drybulk carriers, which transport major bulks, such as iron ore, coal and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers, and one Aframax crude oil tanker that transports crude oil.