C3is Stock to Reverse Split on Friday, April 12th (NASDAQ:CISS)

C3is Inc. (NASDAQ:CISS)’s stock is scheduled to reverse split on Friday, April 12th. The 1-100 reverse split was announced on Friday, April 12th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, April 12th.

C3is Stock Performance

Shares of NASDAQ CISS traded down $0.01 during midday trading on Wednesday, reaching $0.03. The stock had a trading volume of 99,857,048 shares, compared to its average volume of 35,723,730. The stock has a 50-day moving average of $0.08 and a 200-day moving average of $0.31. C3is has a 12-month low of $0.02 and a 12-month high of $20.00.

C3is (NASDAQ:CISS) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $13.78 million during the quarter. C3is had a net margin of 32.33% and a return on equity of 19.85%.

About C3is

C3is Inc provides 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.