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

Equities research analysts at StockNews.com began coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research note issued to investors on Friday. The firm set a “hold” rating on the stock.

Charles & Colvard, Ltd. Price Performance

Shares of NASDAQ:CTHR opened at $0.29 on Friday. Charles & Colvard, Ltd. has a 1 year low of $0.28 and a 1 year high of $0.99. The company has a market cap of $8.92 million, a P/E ratio of -0.50 and a beta of 0.90. The stock’s fifty day moving average price is $0.34 and its 200-day moving average price is $0.38.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted 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 for the quarter.

Insider Activity

In other news, Director Ollin B. Sykes acquired 107,500 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average price of $0.33 per share, with a total value of $35,475.00. Following the completion of the acquisition, the director now directly owns 1,844,398 shares of the company’s stock, valued at approximately $608,651.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought 139,850 shares of company stock valued at $47,311 in the last ninety days. 24.60% of the stock is currently owned by company 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.