Charles & Colvard, Ltd. (NASDAQ:CTHR) Share Price Passes Below 200 Day Moving Average of $0.39

Charles & Colvard, Ltd. (NASDAQ:CTHR) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.39 and traded as low as $0.37. Charles & Colvard, Ltd. shares last traded at $0.39, with a volume of 72,893 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Charles & Colvard, Ltd. in a research report on Wednesday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Stock Performance

The business’s 50-day moving average price is $0.35 and its 200 day moving average price is $0.39. The company has a market cap of $11.68 million, a P/E ratio of -0.51 and a beta of 0.91.

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

Insider Buying and Selling

In related news, Director Ollin B. Sykes bought 107,500 shares of Charles & Colvard, Ltd. stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $0.33 per share, with a total value of $35,475.00. Following the acquisition, the director now owns 1,844,398 shares of the company’s stock, valued at approximately $608,651.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders purchased 139,850 shares of company stock valued at $47,311. Company insiders own 24.60% of the company’s stock.

About Charles & Colvard, Ltd.

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.