C3is (NASDAQ:CISS) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of C3is (NASDAQ:CISS) from a sell rating to a hold rating in a research report released on Saturday morning.

C3is Price Performance

Shares of NASDAQ:CISS opened at $3.30 on Friday. The company has a market capitalization of $495,000.00, a PE ratio of 0.00 and a beta of 1.39. The business has a fifty day moving average price of $6.88 and a two-hundred day moving average price of $88.65. C3is has a 1 year low of $2.70 and a 1 year high of $831.59.

C3is (NASDAQ:CISS) last announced its quarterly earnings data on Friday, February 20th. The company reported ($34.02) earnings per share (EPS) for the quarter. The business had revenue of $10.55 million during the quarter. C3is had a net margin of 30.13% and a return on equity of 2.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. L1 Global Manager Pty Ltd bought a new position in shares of C3is during the 4th quarter worth $198,000. Wexford Capital LP grew its stake in shares of 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 acquiring an additional 92,014 shares during the period. Finally, Citadel Advisors LLC bought a new position in shares of C3is during the 3rd quarter worth $29,000. Institutional investors own 10.54% of the company’s stock.

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.