Analysts at Roth Capital started coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a report released on Wednesday, BenzingaRatingsTable reports. The firm set a “buy” rating and a $2.50 price target on the stock. Roth Capital’s price target points to a potential upside of 55.28% from the stock’s current price.
Separately, TheStreet raised shares of Charles & Colvard, Ltd. from a “d+” rating to a “c” rating in a report on Wednesday, February 13th.
CTHR opened at $1.61 on Wednesday. Charles & Colvard, Ltd. has a 52 week low of $0.80 and a 52 week high of $2.48. The stock has a market cap of $34.84 million, a price-to-earnings ratio of 22.86 and a beta of -0.34.
Charles & Colvard, Ltd. (NASDAQ:CTHR) last released its quarterly earnings data on Thursday, May 9th. The company reported $0.04 EPS for the quarter. Charles & Colvard, Ltd. had a net margin of 4.56% and a return on equity of 4.06%. The business had revenue of $7.90 million during the quarter.
A hedge fund recently raised its stake in Charles & Colvard, Ltd. stock. Renaissance Technologies LLC lifted its holdings in Charles & Colvard, Ltd. (NASDAQ:CTHR) by 11.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 242,271 shares of the company’s stock after acquiring an additional 24,400 shares during the period. Renaissance Technologies LLC owned 1.12% of Charles & Colvard, Ltd. worth $276,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.65% of the company’s stock.
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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