Charles & Colvard, Ltd. (CTHR) Scheduled to Post Quarterly Earnings on Thursday

Charles & Colvard, Ltd. (NASDAQ:CTHR) will announce its earnings results after the market closes on Thursday, May 2nd. Individual that wish to register for the company’s earnings conference call can do so using this link.

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

Charles & Colvard, Ltd. Price Performance

Shares of NASDAQ:CTHR traded up $0.01 during midday trading on Tuesday, hitting $0.34. The company had a trading volume of 4,291 shares, compared to its average volume of 117,569. Charles & Colvard, Ltd. has a twelve month low of $0.29 and a twelve month high of $1.03. The business’s 50-day simple moving average is $0.35 and its 200-day simple moving average is $0.38.

Insider Buying and Selling

In other news, Director Ollin B. Sykes acquired 107,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were bought 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 owns 1,844,398 shares in the company, valued at approximately $608,651.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 139,850 shares of company stock worth $47,311 in the last ninety days. 24.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Charles & Colvard, Ltd. in a research note on Wednesday, April 24th. They issued a “hold” rating on the stock.

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.