C3is (NASDAQ:CISS) Stock Set to Reverse Split on Monday, November 9th

C3is Inc. (NASDAQ:CISS) shares are going to reverse split on the morning of Monday, November 9th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, November 8th.

C3is Stock Up 12.7%

C3is stock traded up $0.05 during midday trading on Friday, hitting $0.43. 521,829 shares of the stock were exchanged, compared to its average volume of 484,063. C3is has a 52-week low of $0.29 and a 52-week high of $11,480.00. The business’s 50-day moving average price is $0.96 and its 200-day moving average price is $149.11. The stock has a market capitalization of $642,637.00, a price-to-earnings ratio of 0.00 and a beta of 1.56.

C3is (NASDAQ:CISS) last posted its quarterly earnings data on Thursday, August 27th. The company reported $345.57 EPS for the quarter. C3is had a net margin of 41.33% and a return on equity of 14.94%. The firm had revenue of $48.09 million during the quarter.

Analyst Ratings Changes

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

About C3is

C3is Inc (NASDAQ:CISS) is a shipping company incorporated in the Marshall Islands and headquartered in Limassol, Cyprus. The company provides seaborne transportation services for crude oil, refined petroleum products and dry bulk commodities.

C3is owns and operates oceangoing vessels, including oil tankers and dry bulk carriers. Its tankers transport crude oil and petroleum products, while its dry bulk vessels carry commodities such as grain, coal and other bulk cargoes. The company may employ its vessels through time-charter, voyage-charter or pool arrangements, depending on market conditions.

C3is serves international shipping markets, with its vessels operating on global trade routes.