C3is (NASDAQ:CISS) Issues Earnings Results

C3is (NASDAQ:CISSGet Free Report) posted its earnings results on Monday. The company reported $5.24 EPS for the quarter, FiscalAI reports. C3is had a return on equity of 2.38% and a net margin of 30.13%.The firm had revenue of $23.15 million during the quarter.

C3is Price Performance

CISS stock opened at $3.05 on Monday. C3is has a 12 month low of $2.70 and a 12 month high of $831.59. The firm’s 50-day moving average is $5.37 and its 200 day moving average is $68.29. The company has a market capitalization of $457,500.00, a PE ratio of 0.00 and a beta of 1.39.

Analysts Set New Price Targets

Several analysts recently weighed in on CISS shares. Weiss Ratings restated a “sell (d)” rating on shares of C3is in a report on Friday, May 8th. Wall Street Zen raised shares of C3is from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Get Our Latest Stock Analysis on CISS

Hedge Funds Weigh In On C3is

Institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in shares of C3is in the third quarter valued at approximately $29,000. Wexford Capital LP raised its position in C3is by 460.1% during the 3rd quarter. Wexford Capital LP now owns 112,014 shares of the company’s stock valued at $240,000 after purchasing an additional 92,014 shares in the last quarter. Finally, L1 Global Manager Pty Ltd bought a new stake in C3is during the 4th quarter valued at $198,000. 10.54% of the stock is owned by hedge funds and other institutional investors.

C3is Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for C3is (NASDAQ:CISS)

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