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

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

Charles & Colvard, Ltd. Stock Performance

Shares of NASDAQ CTHR opened at $0.34 on Wednesday. The company has a market cap of $10.16 million, a P/E ratio of -0.45 and a beta of 0.91. The firm’s fifty day moving average is $0.35 and its two-hundred day moving average is $0.38. Charles & Colvard, Ltd. has a 52-week low of $0.29 and a 52-week high of $1.05.

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

Insiders Place Their Bets

In other news, Director Ollin B. Sykes purchased 107,500 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $0.33 per share, with a total value of $35,475.00. Following the purchase, the director now owns 1,844,398 shares in the company, valued at $608,651.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 139,850 shares of company stock valued at $47,311 in the last three months. Corporate 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.