Charlie's (OTCMKTS:CHUC) Stock Price Down 0.4% - What's Next?

Key Points

• Charlie's Holdings, Inc. (OTCMKTS:CHUC) experienced a 0.4% decline in stock price during mid-day trading, with shares trading as low as $0.33.
• The company posted $0.02 earnings per share and reported a revenue of $2.54 million for the recent quarter, with a net margin of 19.36%.
• Charlie's has a market capitalization of $91.87 million and a beta of 0.90, indicating relatively stable performance compared to the overall market.

Charlie's Holdings, Inc. (OTCMKTS:CHUC - Get Free Report) dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as $0.33 and last traded at $0.35. Approximately 81,599 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 230,706 shares. The stock had previously closed at $0.35.

Charlie's Stock Performance

The company's 50-day simple moving average is $0.21 and its 200-day simple moving average is $0.13. The stock has a market capitalization of $91.87 million, a price-to-earnings ratio of 35.04 and a beta of 0.90. The company has a current ratio of 1.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.07.

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 for the quarter. The company had revenue of $2.54 million for the quarter. Charlie's had a net margin of 19.36% and a negative return on equity of 174.49%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.