C3is (NASDAQ:CISS) Issues Earnings Results

C3is (NASDAQ:CISS) announced its quarterly earnings data on Tuesday. The company reported ($0.58) earnings per share (EPS) for the quarter, Zacks reports. C3is had a return on equity of 5.41% and a net margin of 20.51%.

C3is Price Performance

CISS stock traded down $0.05 during trading on Tuesday, hitting $1.63. 9,459 shares of the company traded hands, compared to its average volume of 567,743. C3is has a 1 year low of $1.57 and a 1 year high of $15.75. The company has a market cap of $2.90 million, a PE ratio of -0.09 and a beta of 1.64. The stock’s 50-day simple moving average is $2.19 and its 200 day simple moving average is $2.99.

Hedge Funds Weigh In On C3is

A hedge fund recently bought a new stake in C3is stock. Citadel Advisors LLC purchased a new position in shares of C3is Inc. (NASDAQ:CISS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 10.54% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of C3is in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, C3is currently has a consensus rating of “Sell”.

C3is Company Profile

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.