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

Charles & Colvard, Ltd. (NASDAQ:CTHR) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 2nd. Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Charles & Colvard, Ltd. Price Performance

Shares of CTHR opened at $0.38 on Thursday. The firm has a 50 day simple moving average of $0.35 and a 200-day simple moving average of $0.39. Charles & Colvard, Ltd. has a 1-year low of $0.29 and a 1-year high of $1.06. The stock has a market cap of $11.50 million, a price-to-earnings ratio of -0.51 and a beta of 0.91.

Analysts Set New Price Targets

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

Insider Buying and Selling at Charles & Colvard, Ltd.

In other Charles & Colvard, Ltd. news, Director Ollin B. Sykes purchased 107,500 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was bought at an average cost of $0.33 per share, for a total transaction of $35,475.00. Following the acquisition, the director now owns 1,844,398 shares of the company’s stock, valued at approximately $608,651.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders acquired 139,850 shares of company stock worth $47,311. Insiders own 24.60% of the company’s stock.

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.