C3is (NASDAQ:CISS) Posts Earnings Results

C3is (NASDAQ:CISS) posted its quarterly earnings data on Tuesday. The company reported $5.24 EPS for the quarter, FiscalAI reports. The business had revenue of $23.15 million for the quarter. C3is had a return on equity of 6.78% and a net margin of 15.28%.

C3is Stock Performance

Shares of NASDAQ:CISS opened at $2.63 on Thursday. The company has a market cap of $394,500.00, a P/E ratio of 0.00 and a beta of 1.39. C3is has a one year low of $2.36 and a one year high of $831.59. The business’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $61.99.

Institutional Investors Weigh In On C3is

Hedge funds have recently modified their holdings of the stock. Citadel Advisors LLC purchased a new stake in C3is during the 3rd quarter worth approximately $29,000. Wexford Capital LP increased its holdings in C3is by 460.1% during the 3rd 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 last quarter. Finally, L1 Global Manager Pty Ltd purchased a new stake in C3is during the 4th quarter worth approximately $198,000. 10.54% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About C3is

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.