Charles & Colvard, Ltd. (NASDAQ:CTHR) Now Covered by Analysts at StockNews.com

Posted by Linda Flegge on Apr 25th, 2024

StockNews.com began coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR – Free Report) in a report released on Wednesday. The firm issued a hold rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Shares of Charles & Colvard, Ltd. stock opened at $0.38 on Wednesday. Charles & Colvard, Ltd. has a one year low of $0.29 and a one year high of $1.06. The company has a market cap of $11.50 million, a price-to-earnings ratio of -0.51 and a beta of 0.91. The business’s 50 day moving average price is $0.35 and its 200 day moving average price is $0.39.

Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) last announced its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) EPS 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.

Insider Buying and Selling

In related news, Director Ollin B. Sykes acquired 107,500 shares of Charles & Colvard, Ltd. stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average price of $0.33 per share, for a total transaction of $35,475.00. Following the completion of the transaction, the director now 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 can be accessed through the SEC website. Over the last 90 days, insiders have purchased 139,850 shares of company stock worth $47,311. 24.60% of the stock is owned by corporate insiders.

About Charles & Colvard, Ltd.

(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.