Robin Energy Stock to Reverse Split on Tuesday, November 24th (NASDAQ:RBNE)

Robin Energy Ltd. (NASDAQ:RBNE)’s stock is going to reverse split before the market opens on Tuesday, November 24th. The 1-75 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Monday, November 23rd.

Robin Energy Price Performance

Shares of RBNE stock traded up $0.00 during trading on Tuesday, reaching $0.13. The company’s stock had a trading volume of 16,994,760 shares, compared to its average volume of 5,194,146. The company has a market capitalization of $171,171.00, a price-to-earnings ratio of 1.42 and a beta of 2.35. The stock’s 50-day moving average price is $1.62 and its 200 day moving average price is $18.50. Robin Energy has a 1-year low of $0.11 and a 1-year high of $83.29.

Robin Energy (NASDAQ:RBNE) last announced its earnings results on Wednesday, September 23rd. The company reported $2.03 earnings per share for the quarter. The firm had revenue of $2.60 million for the quarter. Robin Energy had a net margin of 39.36% and a return on equity of 21.48%.

Robin Energy Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, November 20th. Stockholders of record on Monday, November 16th will be given a dividend of $0.10 per share.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Robin Energy in a research report on Tuesday, October 27th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, Robin Energy presently has an average rating of “Sell”.

About Robin Energy

Robin Energy Ltd. is a shipping company focused on the ownership and operation of tanker vessels. The company provides maritime transportation services for liquid bulk cargoes, including refined petroleum products and other energy-related commodities. Robin Energy’s vessels serve international trade routes, transporting cargoes between ports in major global shipping markets. Its business is influenced by demand for seaborne energy transportation, vessel utilization and prevailing conditions in the product tanker market.