C3is (NASDAQ:CISS) Upgraded at Wall Street Zen

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

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of C3is in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, C3is currently has a consensus rating of “Sell”.

C3is Stock Down 10.3%

Shares of NASDAQ:CISS opened at $1.66 on Friday. The company has a market cap of $1.69 million, a P/E ratio of 0.00 and a beta of 1.97. The company has a 50-day moving average price of $7.95 and a 200 day moving average price of $34.42. C3is has a 52 week low of $1.35 and a 52 week high of $148.80.

Institutional Investors Weigh In On C3is

An institutional investor recently bought a new position in C3is stock. Citadel Advisors LLC bought a new stake in shares of C3is Inc. (NASDAQ:CISS) during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 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. 10.54% of the stock is owned by institutional investors.

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.