Charles & Colvard, Ltd. (CTHR) to Release Quarterly Earnings on Thursday

Charles & Colvard, Ltd. (NASDAQ:CTHR) will issue its quarterly earnings data after the market closes on Thursday, November 9th. Parties that wish to register for the company’s conference call can do so using this link.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted its quarterly earnings data on Thursday, October 12th. The company reported ($0.30) earnings per share for the quarter. Charles & Colvard, Ltd. had a negative net margin of 65.39% and a negative return on equity of 38.31%. The company had revenue of $5.56 million for the quarter.

Charles & Colvard, Ltd. Price Performance

CTHR stock opened at $0.34 on Wednesday. Charles & Colvard, Ltd. has a twelve month low of $0.32 and a twelve month high of $1.26. The firm has a market cap of $10.35 million, a PE ratio of -0.53 and a beta of 0.91. The business has a 50 day moving average of $0.59 and a 200 day moving average of $0.81.

Institutional Investors Weigh In On Charles & Colvard, Ltd.

Institutional investors and hedge funds have recently made changes to their positions in the company. State Street Corp increased its position in shares of Charles & Colvard, Ltd. by 14.8% during the 1st quarter. State Street Corp now owns 93,048 shares of the company’s stock valued at $146,000 after purchasing an additional 12,003 shares during the last quarter. Meros Investment Management LP grew its position in Charles & Colvard, Ltd. by 51.7% during the fourth quarter. Meros Investment Management LP now owns 980,753 shares of the company’s stock valued at $807,000 after buying an additional 334,065 shares during the period. Finally, Punch & Associates Investment Management Inc. increased its holdings in Charles & Colvard, Ltd. by 10.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,077,051 shares of the company’s stock valued at $1,932,000 after buying an additional 194,505 shares during the last quarter. Institutional investors own 26.37% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a research report on Wednesday. They set a “hold” rating for the company.

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.