C3is Inc. (NASDAQ:CISS – Get Free Report)’s stock price traded down 0.3% on Friday . The company traded as low as $2.7312 and last traded at $2.92. Approximately 189,737 shares were traded during trading, a decline of 91% from the average session volume of 2,223,086 shares. The stock had previously closed at $2.93.
Wall Street Analysts Forecast Growth
CISS has been the subject of several research analyst reports. Wall Street Zen upgraded C3is from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings restated a “sell (d)” rating on shares of C3is in a report on Wednesday, August 5th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.
Check Out Our Latest Stock Analysis on C3is
C3is Stock Down 0.3%
Institutional Investors Weigh In On C3is
A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new position in C3is during the 3rd quarter valued at about $29,000. L1 Global Manager Pty Ltd bought a new stake in C3is during the fourth quarter worth approximately $198,000. Finally, Wexford Capital LP lifted its position in C3is by 460.1% in the third quarter. Wexford Capital LP now owns 112,014 shares of the company’s stock worth $240,000 after purchasing an additional 92,014 shares during the period. 10.54% of the stock is currently owned by institutional investors.
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.
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