Charles & Colvard, Ltd. (NASDAQ:CTHR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research note published on Thursday. The firm issued a hold rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR opened at $0.31 on Thursday. The company has a market capitalization of $9.27 million, a price-to-earnings ratio of -0.52 and a beta of 0.90. Charles & Colvard, Ltd. has a fifty-two week low of $0.29 and a fifty-two week high of $1.03. The firm has a 50-day simple moving average of $0.35 and a 200-day simple moving average of $0.38.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last released its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter. Charles & Colvard, Ltd. had a negative net margin of 77.23% and a negative return on equity of 49.19%. The company had revenue of $7.91 million during the quarter.

Insider Transactions at Charles & Colvard, Ltd.

In other news, Director Ollin B. Sykes purchased 107,500 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were acquired at an average cost of $0.33 per share, for a total transaction of $35,475.00. Following the completion of the purchase, the director now directly owns 1,844,398 shares in the company, valued at approximately $608,651.34. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders bought 139,850 shares of company stock worth $47,311. Company insiders own 24.60% of the company’s stock.

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.