Charlie's (OTCMKTS:CHUC) Trading 3.2% Higher - Here's Why

Key Points

• Charlie's Holdings, Inc. (OTCMKTS:CHUC) experienced a 3.2% increase in share price, trading between $0.27 and $0.28, despite a significant decline in trading volume by 79% compared to average sessions.
• The company reported a quarterly earnings per share (EPS) of $0.02, with revenues of $2.54 million, and has a negative return on equity of 174.49%.
• Charlie's specializes in non-combustible nicotine-related products and distributes them across various countries, including the United States and the United Kingdom.

Shares of Charlie's Holdings, Inc. (OTCMKTS:CHUC - Get Free Report) traded up 3.2% on Monday . The company traded as high as $0.28 and last traded at $0.27. 77,035 shares changed hands during trading, a decline of 79% from the average session volume of 371,778 shares. The stock had previously closed at $0.26.

Charlie's Price Performance

The company has a current ratio of 1.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.07. The company has a 50 day moving average of $0.14 and a 200-day moving average of $0.10. The firm has a market capitalization of $69.89 million, a P/E ratio of 26.66 and a beta of 0.88.

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

About Charlie's

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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