C3is (NASDAQ:CISS) Trading Down 0.6% – Should You Sell?

C3is Inc. (NASDAQ:CISS)’s stock price dropped 0.6% during trading on Tuesday . The stock traded as low as $1.71 and last traded at $1.75. Approximately 35,788 shares changed hands during trading, a decline of 31% from the average daily volume of 51,723 shares. The stock had previously closed at $1.76.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of C3is in a report on Thursday, December 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

C3is Stock Down 0.6%

The company has a market cap of $3.12 million, a price-to-earnings ratio of -0.10 and a beta of 1.64. The firm has a 50 day moving average price of $2.01 and a two-hundred day moving average price of $2.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in C3is stock. Citadel Advisors LLC acquired a new stake in C3is Inc. (NASDAQ:CISS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,221 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned about 0.74% of C3is as of its most recent filing with the SEC. Institutional investors and hedge funds own 10.54% of the company’s stock.

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.