Robin Energy (NASDAQ:RBNE) Shares Scheduled to Reverse Split on Tuesday, November 24th

Robin Energy Ltd. (NASDAQ:RBNE – Free Report) shares are going to reverse split before the market opens on Tuesday, November 24th. The 1-75 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, November 23rd.

Robin Energy Trading Up 0.5%

Shares of NASDAQ RBNE traded up $0.00 during midday trading on Tuesday, hitting $0.13. The company’s stock had a trading volume of 16,994,760 shares, compared to its average volume of 5,194,146. The business’s 50 day moving average is $1.62 and its two-hundred day moving average is $18.50. Robin Energy has a 12-month low of $0.11 and a 12-month high of $83.29. The firm has a market cap of $171,171.00, a P/E ratio of 1.42 and a beta of 2.35.

Robin Energy (NASDAQ:RBNE – Get Free Report) last issued its earnings results on Wednesday, September 23rd. The company reported $2.03 earnings per share (EPS) for the quarter. Robin Energy had a net margin of 39.36% and a return on equity of 21.48%. The firm had revenue of $2.60 million during the quarter.

Robin Energy Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, November 20th. Investors of record on Monday, November 16th will be paid a $0.10 dividend.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Robin Energy in a research note on Tuesday, October 27th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Check Out Our Latest Report on Robin Energy

Robin Energy Company Profile

(Get Free Report)

Robin Energy Ltd. is a shipping company focused on the ownership and operation of tanker vessels. The company provides maritime transportation services for liquid bulk cargoes, including refined petroleum products and other energy-related commodities. Robin Energy’s vessels serve international trade routes, transporting cargoes between ports in major global shipping markets. Its business is influenced by demand for seaborne energy transportation, vessel utilization and prevailing conditions in the product tanker market.

Further Reading

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