Charles & Colvard, Ltd. (NASDAQ:CTHR) Share Price Passes Below 200 Day Moving Average of $0.39

Charles & Colvard, Ltd. (NASDAQ:CTHR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.39 and traded as low as $0.37. Charles & Colvard, Ltd. shares last traded at $0.39, with a volume of 72,893 shares traded.

Wall Street Analysts Forecast Growth

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

Charles & Colvard, Ltd. Price Performance

The business’s fifty day moving average is $0.35 and its 200-day moving average is $0.39. The firm has a market cap of $11.68 million, a PE ratio of -0.51 and a beta of 0.91.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.09) earnings per share (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 for the quarter.

Insiders Place Their Bets

In other Charles & Colvard, Ltd. news, Director Ollin B. Sykes bought 107,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was purchased at an average price of $0.33 per share, for a total transaction of $35,475.00. Following the completion of the transaction, the director now directly owns 1,844,398 shares of the company’s stock, valued at $608,651.34. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired 139,850 shares of company stock worth $47,311 over the last quarter. 24.60% of the stock is currently owned by company 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.