Charles & Colvard, Ltd. (NASDAQ:CTHR) Research Coverage Started at StockNews.com

Posted by Samantha Reynolds on Apr 24th, 2024

Equities research analysts at StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) in a research report issued on Wednesday. The firm set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Up 4.1 %

Shares of NASDAQ:CTHR opened at $0.39 on Wednesday. Charles & Colvard, Ltd. has a 12-month low of $0.29 and a 12-month high of $1.13. The stock has a market cap of $11.68 million, a PE ratio of -0.51 and a beta of 0.91. The business has a 50 day moving average of $0.35 and a 200-day moving average of $0.39.

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

Insider Buying and Selling at Charles & Colvard, Ltd.

In related news, Director Ollin B. Sykes purchased 107,500 shares of the stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of $0.33 per share, for a total transaction of $35,475.00. Following the completion of the acquisition, the director now owns 1,844,398 shares of the company’s stock, valued at $608,651.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders bought a total of 139,850 shares of company stock worth $47,311 over the last three months. Corporate insiders own 24.60% of the company’s stock.

Charles & Colvard, Ltd. Company Profile

(Get Free Report)

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.