Charles & Colvard, Ltd. (NASDAQ:CTHR) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research report released on Wednesday. The brokerage issued a hold rating on the stock.

Charles & Colvard, Ltd. Price Performance

Charles & Colvard, Ltd. stock opened at $0.32 on Wednesday. The company has a market cap of $9.81 million, a PE ratio of -0.43 and a beta of 0.91. The company has a fifty day moving average price of $0.35 and a two-hundred day moving average price of $0.38. Charles & Colvard, Ltd. has a 12 month low of $0.29 and a 12 month high of $1.05.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last released its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter. The business had revenue of $7.91 million during the quarter. Charles & Colvard, Ltd. had a negative return on equity of 57.44% and a negative net margin of 91.98%.

Insiders Place Their Bets

In other Charles & Colvard, Ltd. news, Director Ollin B. Sykes acquired 107,500 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $0.33 per share, with a total value of $35,475.00. Following the completion of the acquisition, the director now directly owns 1,844,398 shares in the company, valued at approximately $608,651.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 139,850 shares of company stock valued at $47,311 over the last 90 days. 24.60% of the stock is owned by company insiders.

Charles & Colvard, Ltd. Company Profile

Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional. It manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name.