Charles & Colvard, Ltd. (NASDAQ:CTHR) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Trading Up 3.3 %

NASDAQ CTHR opened at $0.31 on Tuesday. The company’s 50-day moving average price is $0.35 and its 200-day moving average price is $0.39. The stock has a market cap of $9.41 million, a PE ratio of -0.41 and a beta of 0.91. Charles & Colvard, Ltd. has a 12 month low of $0.29 and a 12 month high of $1.21.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.09) EPS for the quarter. Charles & Colvard, Ltd. had a negative return on equity of 57.44% and a negative net margin of 91.98%. The company had revenue of $7.91 million during the quarter.

Insider Buying and Selling

In other Charles & Colvard, Ltd. news, Director Ollin B. Sykes acquired 107,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average cost of $0.33 per share, with a total value of $35,475.00. Following the completion of the purchase, the director now directly owns 1,844,398 shares in the company, valued at $608,651.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 139,850 shares of company stock valued at $47,311 over the last three months. 20.90% of the stock is owned by company insiders.

Institutional Trading of Charles & Colvard, Ltd.

Several hedge funds have recently modified their holdings of CTHR. Citadel Advisors LLC lifted its position in shares of Charles & Colvard, Ltd. by 104.3% during the fourth quarter. Citadel Advisors LLC now owns 98,054 shares of the company’s stock valued at $40,000 after buying an additional 50,054 shares during the last quarter. State Street Corp lifted its position in shares of Charles & Colvard, Ltd. by 14.8% during the first quarter. State Street Corp now owns 93,048 shares of the company’s stock valued at $146,000 after buying an additional 12,003 shares during the last quarter. Meros Investment Management LP lifted its position in shares of 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 last quarter. Finally, Punch & Associates Investment Management Inc. lifted its position in shares of 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. 23.59% of the stock is owned by hedge funds and other institutional investors.

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.