Charlie's (OTCMKTS:CHUC) Stock Price Down 4% - Time to Sell?

Key Points

• Charlie's (OTCMKTS:CHUC) shares fell about 4% to $0.2495 on Wednesday, with trading volume of ~57,159 shares, roughly 20% above the average daily volume.
• The company has a market cap of $67.53 million and a P/E of 24.97, with liquidity ratios of a quick ratio of 0.83 and current ratio of 1.46, and a very low debt-to-equity of 0.05; the 50-day and 200-day moving averages are $0.28 and $0.26, respectively.
• Charlie's manufactures and distributes non-combustible nicotine, alternative alkaloid and hemp-derived vapor and edible products, selling through distributors, specialty retailers and online resellers across the US, UK, Italy, Spain, New Zealand, Australia and Canada.

Charlie's Holdings, Inc. (OTCMKTS:CHUC - )'s share price was down 4% during trading on Wednesday . The company traded as low as $0.2495 and last traded at $0.2495. Approximately 57,159 shares changed hands during trading, an increase of 20% from the average daily volume of 47,812 shares. The stock had previously closed at $0.26.

Charlie's Stock Performance

The company has a quick ratio of 0.83, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. The company has a market cap of $67.53 million, a P/E ratio of 24.97 and a beta of 1.35. The business has a fifty day moving average of $0.28 and a 200 day moving average of $0.26.

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. Charlie's Holdings, Inc was founded in 2014 and is headquartered in Costa Mesa, California.

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