Charles & Colvard, Ltd. (NASDAQ:CTHR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a report published on Wednesday morning. The firm issued a hold rating on the stock.

Charles & Colvard, Ltd. Price Performance

CTHR opened at $0.38 on Wednesday. The stock’s 50 day simple moving average is $0.35 and its 200 day simple moving average is $0.39. The stock has a market cap of $11.50 million, a P/E ratio of -0.51 and a beta of 0.91. Charles & Colvard, Ltd. has a 1-year low of $0.29 and a 1-year high of $1.06.

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

Insider Buying and Selling at Charles & Colvard, Ltd.

In related news, Director Ollin B. Sykes bought 107,500 shares of the stock in a transaction on Thursday, February 22nd. The shares were purchased at an average price of $0.33 per share, for a total transaction of $35,475.00. Following the acquisition, the director now owns 1,844,398 shares in the company, valued at $608,651.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 139,850 shares of company stock worth $47,311. 24.60% of the stock is owned by insiders.

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.