Charles & Colvard, Ltd. (NASDAQ:CTHR) has earned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokers have set a 12 month consensus price objective of $2.50 for the company and are predicting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Charles & Colvard, Ltd. an industry rank of 113 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Charles & Colvard, Ltd. from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Thursday, October 31st.
NASDAQ:CTHR traded up $0.06 during mid-day trading on Thursday, reaching $1.51. The company’s stock had a trading volume of 3,700 shares, compared to its average volume of 39,977. The stock has a market cap of $41.44 million, a P/E ratio of 15.00 and a beta of -0.58. Charles & Colvard, Ltd. has a twelve month low of $0.86 and a twelve month high of $2.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.56 and a quick ratio of 2.62. The company’s fifty day simple moving average is $1.43 and its two-hundred day simple moving average is $1.43.
Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted its earnings results on Thursday, November 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Charles & Colvard, Ltd. had a net margin of 7.14% and a return on equity of 5.77%. The business had revenue of $7.61 million for the quarter, compared to analyst estimates of $7.19 million. Sell-side analysts expect that Charles & Colvard, Ltd. will post 0.11 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN increased its stake in shares of Charles & Colvard, Ltd. by 164.8% during the 2nd quarter. Wells Fargo & Company MN now owns 709,015 shares of the company’s stock worth $1,120,000 after purchasing an additional 441,221 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Charles & Colvard, Ltd. by 145.6% in the second quarter. Renaissance Technologies LLC now owns 595,071 shares of the company’s stock worth $940,000 after buying an additional 352,800 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Charles & Colvard, Ltd. by 174.7% during the 2nd quarter. Vanguard Group Inc. now owns 511,494 shares of the company’s stock valued at $808,000 after acquiring an additional 325,304 shares during the period. BlackRock Inc. increased its position in Charles & Colvard, Ltd. by 321.9% in the second quarter. BlackRock Inc. now owns 73,205 shares of the company’s stock worth $115,000 after buying an additional 55,852 shares in the last quarter. Finally, National Investment Services Inc. WI bought a new stake in Charles & Colvard, Ltd. during the 3rd quarter worth approximately $80,000. Hedge funds and other institutional investors own 30.52% 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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