Charles & Colvard, Ltd. (CTHR) to Release Earnings on Thursday

Charles & Colvard, Ltd. (NASDAQ:CTHR) is set to post its quarterly earnings results after the market closes on Thursday, May 2nd. Individual interested in registering for the company’s earnings conference call can do so using this link.

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

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR opened at $0.38 on Thursday. The stock has a 50-day moving average of $0.35 and a two-hundred day moving average of $0.39. Charles & Colvard, Ltd. has a one year low of $0.29 and a one year high of $1.06. The stock has a market cap of $11.50 million, a P/E ratio of -0.51 and a beta of 0.91.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Ollin B. Sykes acquired 107,500 shares of the firm’s stock in a transaction dated 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 directly owns 1,844,398 shares in the company, valued at approximately $608,651.34. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 139,850 shares of company stock valued at $47,311 in the last quarter. 24.60% of the stock is currently owned by company insiders.

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.