StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.
Charles & Colvard, Ltd. Price Performance
CTHR stock opened at $0.34 on Wednesday. The business’s fifty day moving average is $0.59 and its 200-day moving average is $0.81. The company has a market cap of $10.35 million, a P/E ratio of -0.53 and a beta of 0.91. Charles & Colvard, Ltd. has a twelve month low of $0.32 and a twelve month high of $1.26.
Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) last released its quarterly earnings data on Thursday, October 12th. The company reported ($0.30) EPS for the quarter. Charles & Colvard, Ltd. had a negative net margin of 65.39% and a negative return on equity of 38.31%. The firm had revenue of $5.56 million during the quarter.
Hedge Funds Weigh In On Charles & Colvard, Ltd.
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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