Charlie's (OTCMKTS:CHUC) Shares Down 6.3% - Time to Sell?

Key Points

• Charlie's Holdings, Inc. (OTCMKTS:CHUC) shares fell by 6.3%, closing at $0.27, with a trading volume significantly higher than average.
• The company reported $0.02 earnings per share for the last quarter, with a net margin of 19.36% and a negative return on equity of 174.49%.
• Charlie's has a market capitalization of $72.24 million, a quick ratio of 0.61, and a current ratio of 1.61, indicating its financial standing in the market.

Charlie's Holdings, Inc. (OTCMKTS:CHUC - Get Free Report)'s stock price fell 6.3% during trading on Wednesday . The stock traded as low as $0.25 and last traded at $0.27. 405,260 shares traded hands during trading, an increase of 130% from the average session volume of 175,970 shares. The stock had previously closed at $0.29.

Charlie's Trading Down 6.3%

The company has a quick ratio of 0.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.07. The firm's 50-day moving average price is $0.28 and its 200 day moving average price is $0.16. The company has a market capitalization of $72.24 million, a P/E ratio of 26.73 and a beta of 1.16.

Charlie's (OTCMKTS:CHUC - Get Free Report) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.02 earnings per share (EPS) for the quarter. Charlie's had a net margin of 19.36% and a negative return on equity of 174.49%. The business had revenue of $2.54 million during the quarter.

Charlie's Company Profile

Charlie's Holdings, Inc, together with its subsidiaries, formulates, markets, and distributes non-combustible nicotine-related, alternative alkaloid vapor, and hemp-derived vapor and edible products. It sells its products through distributors, specialty retailers, and third-party online resellers in the United States, the United Kingdom, Italy, Spain, New Zealand, Australia, and Canada.

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