Charles & Colvard, Ltd. (NASDAQ:CTHR) Announces Earnings Results

Charles & Colvard, Ltd. (NASDAQ:CTHR) released its quarterly earnings data on Thursday. The company reported $0.01 EPS for the quarter, Fidelity Earnings reports. The company had revenue of $7.61 million during the quarter, compared to the consensus estimate of $7.19 million. Charles & Colvard, Ltd. had a net margin of 7.06% and a return on equity of 6.01%.

CTHR stock traded up $0.12 during mid-day trading on Friday, reaching $1.44. The company’s stock had a trading volume of 129,500 shares, compared to its average volume of 154,851. Charles & Colvard, Ltd. has a fifty-two week low of $0.80 and a fifty-two week high of $2.48. The stock has a market cap of $37.82 million, a PE ratio of 14.40 and a beta of -0.75. The company’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.50.

Separately, Zacks Investment Research upgraded shares of Charles & Colvard, Ltd. from a “hold” rating to a “buy” rating and set a $1.50 price objective for the company in a report on Thursday, October 31st.

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.

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Earnings History for Charles & Colvard, Ltd. (NASDAQ:CTHR)

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