Charles & Colvard, Ltd. (NASDAQ:CTHR) released its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, Fidelity Earnings reports. The firm had revenue of $7.61 million during the quarter, compared to analyst estimates of $7.19 million. Charles & Colvard, Ltd. had a net margin of 7.06% and a return on equity of 6.01%.
CTHR stock traded up $0.12 during trading on Friday, hitting $1.44. The company had a trading volume of 129,500 shares, compared to its average volume of 154,851. The company has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.50. The firm has a market capitalization of $37.82 million, a P/E ratio of 14.40 and a beta of -0.75. Charles & Colvard, Ltd. has a 52-week low of $0.80 and a 52-week high of $2.48.
Separately, Zacks Investment Research upgraded shares of Charles & Colvard, Ltd. from a “hold” rating to a “buy” rating and set a $1.50 target price for the company in a report on Thursday, October 31st.
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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