StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.
Charles & Colvard, Ltd. Stock Performance
Charles & Colvard, Ltd. stock opened at $0.36 on Wednesday. The company’s 50 day simple moving average is $0.35 and its 200-day simple moving average is $0.39. The company has a market capitalization of $10.92 million, a price-to-earnings ratio of -0.48 and a beta of 0.91. Charles & Colvard, Ltd. has a 1 year low of $0.29 and a 1 year high of $1.05.
Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) last announced 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 business had revenue of $7.91 million for the quarter.
Insider Buying and Selling
About Charles & Colvard, Ltd.
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.
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