TheStreet downgraded shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) from a c- rating to a d rating in a research report report published on Thursday morning, TheStreetRatingsTable reports.
A number of other research analysts have also recently weighed in on the stock. Roth Capital reaffirmed a buy rating on shares of Charles & Colvard, Ltd. in a report on Friday, February 7th. Zacks Investment Research lowered Charles & Colvard, Ltd. from a hold rating to a sell rating in a research note on Thursday, March 26th.
Shares of CTHR stock opened at $0.69 on Thursday. Charles & Colvard, Ltd. has a twelve month low of $0.60 and a twelve month high of $2.48. The stock has a market cap of $24.37 million, a P/E ratio of -4.31 and a beta of 0.35. The stock has a 50 day moving average of $0.70 and a 200 day moving average of $1.09. The company has a current ratio of 4.10, a quick ratio of 2.56 and a debt-to-equity ratio of 0.01.
Charles & Colvard, Ltd. (NASDAQ:CTHR) last issued its quarterly earnings data on Thursday, May 21st. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The firm had revenue of $6.49 million for the quarter, compared to analyst estimates of $6.00 million. Charles & Colvard, Ltd. had a positive return on equity of 0.70% and a negative net margin of 15.36%. On average, research analysts predict that Charles & Colvard, Ltd. will post -0.05 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates increased its holdings in Charles & Colvard, Ltd. by 97.1% in the 4th quarter. Raymond James & Associates now owns 34,605 shares of the company’s stock worth $49,000 after acquiring an additional 17,050 shares in the last quarter. Manatuck Hill Partners LLC grew its position in shares of Charles & Colvard, Ltd. by 12.8% in the fourth quarter. Manatuck Hill Partners LLC now owns 451,100 shares of the company’s stock valued at $641,000 after purchasing an additional 51,100 shares during the period. People s United Financial Inc. acquired a new stake in shares of Charles & Colvard, Ltd. in the first quarter valued at about $51,000. National Investment Services of America LLC purchased a new stake in shares of Charles & Colvard, Ltd. during the fourth quarter worth about $208,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its position in shares of Charles & Colvard, Ltd. by 3,676.4% during the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 209,173 shares of the company’s stock worth $7,032,000 after purchasing an additional 203,634 shares during the last quarter. 29.33% of the stock is currently owned by hedge funds and other institutional investors.
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.
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