Charles & Colvard, Ltd. (NASDAQ:CTHR) Posts Earnings Results

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Charles & Colvard, Ltd. (NASDAQ:CTHR) issued its quarterly earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, Fidelity Earnings reports. Charles & Colvard, Ltd. had a return on equity of 4.06% and a net margin of 4.56%. The firm had revenue of $7.61 million for the quarter, compared to analyst estimates of $7.08 million.

NASDAQ:CTHR traded up $0.19 during midday trading on Friday, reaching $1.53. 740 shares of the company traded hands, compared to its average volume of 79,740. Charles & Colvard, Ltd. has a twelve month low of $0.80 and a twelve month high of $2.48. The firm has a market capitalization of $37.83 million, a price-to-earnings ratio of 18.86 and a beta of -0.67. The company has a fifty day moving average price of $1.42 and a 200 day moving average price of $1.40.

Separately, Roth Capital assumed coverage on Charles & Colvard, Ltd. in a research note on Wednesday, June 12th. They issued a “buy” rating and a $2.50 price objective on the stock.

Charles & Colvard, Ltd. Company Profile

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.

Read More: Depreciation

Earnings History for Charles & Colvard, Ltd. (NASDAQ:CTHR)

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