Charles & Colvard Ltd (CTHR) Stock Rating Upgraded by TheStreet

Charles & Colvard Ltd (NASDAQ:CTHR) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a research report issued on Monday.

Charles & Colvard Ltd (CTHR) traded up $0.07 during trading on Monday, hitting $1.43. 106,067 shares of the company’s stock traded hands, compared to its average volume of 49,567. Charles & Colvard Ltd has a one year low of $0.80 and a one year high of $1.55.

Charles & Colvard Ltd (NASDAQ:CTHR) last released its quarterly earnings results on Thursday, November 2nd. The company reported ($0.01) earnings per share (EPS) for the quarter. Charles & Colvard Ltd had a negative return on equity of 6.44% and a negative net margin of 9.01%. The firm had revenue of $6.21 million for the quarter.

In other news, Director Ollin B. Sykes purchased 24,148 shares of the firm’s stock in a transaction on Wednesday, November 29th. The shares were bought at an average cost of $1.30 per share, with a total value of $31,392.40. Following the purchase, the director now directly owns 348,484 shares of the company’s stock, valued at $453,029.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Benedetta I. Casamento purchased 20,600 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were purchased at an average cost of $1.23 per share, for a total transaction of $25,338.00. Following the completion of the purchase, the director now directly owns 20,600 shares in the company, valued at $25,338. The disclosure for this purchase can be found here. Insiders have acquired a total of 142,862 shares of company stock worth $178,241 over the last ninety days. 20.30% of the stock is owned by corporate insiders.

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About Charles & Colvard Ltd

Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries.

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