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

StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Charles & Colvard, Ltd. stock opened at $0.36 on Wednesday. The company’s 50 day simple moving average is $0.35 and its 200-day simple moving average is $0.39. The company has a market capitalization of $10.92 million, a price-to-earnings ratio of -0.48 and a beta of 0.91. Charles & Colvard, Ltd. has a 1 year low of $0.29 and a 1 year high of $1.05.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last announced its earnings results 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.

Insider Buying and Selling

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