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

StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research note issued to investors on Thursday. The firm issued a hold rating on the stock.

Charles & Colvard, Ltd. Stock Performance

NASDAQ:CTHR traded down $0.04 during mid-day trading on Thursday, hitting $0.31. 276,305 shares of the company’s stock traded hands, compared to its average volume of 114,667. The firm’s 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.38. Charles & Colvard, Ltd. has a 1 year low of $0.29 and a 1 year high of $1.03. 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. (NASDAQ:CTHR) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $7.91 million for the quarter. Charles & Colvard, Ltd. had a negative return on equity of 49.19% and a negative net margin of 77.23%.

Insider Transactions 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 cost of $0.33 per share, for a total transaction of $35,475.00. Following the completion of the acquisition, the director now directly owns 1,844,398 shares in the company, valued at approximately $608,651.34. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 139,850 shares of company stock worth $47,311 over the last ninety days. 24.60% of the stock is currently owned by corporate insiders.

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.