StockNews.com Begins Coverage on Charles & Colvard, Ltd. (NASDAQ:CTHR)

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

Charles & Colvard, Ltd. Stock Down 12.4 %

Shares of NASDAQ:CTHR opened at $0.31 on Thursday. The company has a market cap of $9.27 million, a PE ratio of -0.52 and a beta of 0.90. Charles & Colvard, Ltd. has a fifty-two week low of $0.29 and a fifty-two week high of $1.03. The firm has a 50-day simple moving average of $0.35 and a 200 day simple moving average of $0.38.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted its earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter. The company had revenue of $7.91 million for the quarter. Charles & Colvard, Ltd. had a negative net margin of 77.23% and a negative return on equity of 49.19%.

Insider Buying and Selling at Charles & Colvard, Ltd.

In other news, Director Ollin B. Sykes purchased 107,500 shares of the stock in a transaction dated Thursday, February 22nd. The stock was acquired 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 of the company’s stock, valued at $608,651.34. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have purchased 139,850 shares of company stock worth $47,311. 24.60% of the stock is owned by 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.