StockNews.com Begins Coverage on Charles & Colvard, Ltd. (NASDAQ:CTHR)

Equities research analysts at StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR stock opened at $0.36 on Thursday. The company has a market capitalization of $10.80 million, a P/E ratio of -0.47 and a beta of 0.91. The company’s 50 day moving average price is $0.35 and its two-hundred day moving average price is $0.38. Charles & Colvard, Ltd. has a 52 week low of $0.29 and a 52 week high of $1.03.

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 return on equity of 57.44% and a negative net margin of 91.98%.

Insiders Place Their Bets

In related news, Director Ollin B. Sykes bought 107,500 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were purchased 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 purchase was disclosed in a filing with the SEC, which is available at this link. In the last three months, insiders have purchased 139,850 shares of company stock worth $47,311. Company 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.