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

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

Charles & Colvard, Ltd. Stock Performance

NASDAQ:CTHR opened at $0.34 on Wednesday. The firm has a market cap of $10.16 million, a price-to-earnings ratio of -0.45 and a beta of 0.91. Charles & Colvard, Ltd. has a 52 week low of $0.29 and a 52 week high of $1.05. The firm has a 50-day moving average price of $0.35 and a two-hundred day moving average price of $0.38.

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

Insider Activity at Charles & Colvard, Ltd.

In other Charles & Colvard, Ltd. news, Director Ollin B. Sykes acquired 107,500 shares of Charles & Colvard, Ltd. stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average cost of $0.33 per share, for a total transaction of $35,475.00. Following the purchase, the director now owns 1,844,398 shares of the company’s stock, valued at $608,651.34. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders acquired 139,850 shares of company stock worth $47,311. Corporate 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.