Charles & Colvard, Ltd. (NASDAQ:CTHR) issued its earnings results on Thursday, September 5th. The company reported $0.01 EPS for the quarter, Fidelity Earnings reports. The firm had revenue of $7.61 million during the quarter, compared to the consensus estimate of $7.08 million. Charles & Colvard, Ltd. had a net margin of 7.06% and a return on equity of 6.01%.
Shares of CTHR opened at $1.33 on Friday. Charles & Colvard, Ltd. has a fifty-two week low of $0.80 and a fifty-two week high of $2.48. The company has a market capitalization of $39.42 million, a price-to-earnings ratio of 13.30 and a beta of -0.67. The firm has a 50-day simple moving average of $1.40 and a 200-day simple moving average of $1.41.
Separately, Roth Capital started coverage on shares of Charles & Colvard, Ltd. in a research note on Wednesday, June 12th. They issued a “buy” rating and a $2.50 price objective for the company.
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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