C3is Shares Scheduled to Reverse Split on Monday, November 9th (NASDAQ:CISS)

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 market closes on Sunday, November 8th.

C3is Stock Up 12.7%

NASDAQ:CISS traded up $0.05 on Friday, reaching $0.43. 521,829 shares of the company’s stock traded hands, compared to its average volume of 484,063. The firm has a market cap of $642,637.00, a PE ratio of 0.00 and a beta of 1.56. The stock has a 50-day simple moving average of $0.96 and a 200-day simple moving average of $149.11. C3is has a 12 month low of $0.29 and a 12 month high of $11,480.00.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d)” rating on shares of C3is in a research note on Tuesday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently 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.