Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company manufactures, markets, and distributes moissanite jewels and finished moissanite jewelry under the Charles & Colvard Created Moissanite brand; and premium moissanite gemstones under the Forever One brand name. It also markets and distributes lab grown diamonds, and finished jewelry with lab grown diamonds under the Caydia brand. The company sells its products at wholesale prices to distributors, manufacturers, retailers, and designers; and to end-consumers at retail prices through charlesandcolvard.com, third-party online marketplaces, drop-ship, and other e-commerce outlets. Charles & Colvard, Ltd. was founded in 1995 and is headquartered in Morrisville, North Carolina.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. in a research note on Tuesday. They set a "hold" rating on the stock.
Charles & Colvard, Ltd. Stock Down 2.3 %
Shares of NASDAQ:CTHR traded down $0.03 during midday trading on Wednesday, hitting $1.30. The stock had a trading volume of 47,921 shares, compared to its average volume of 73,145. The business's 50 day moving average is $1.31 and its 200-day moving average is $1.55. The company has a market cap of $39.90 million, a P/E ratio of 3.71 and a beta of 0.48. Charles & Colvard, Ltd. has a 52 week low of $1.17 and a 52 week high of $3.48.
Insider Transactions at Charles & Colvard, Ltd.
In other Charles & Colvard, Ltd. news, Director Neal I. Goldman bought 40,898 shares of Charles & Colvard, Ltd. stock in a transaction on Wednesday, May 25th. The stock was acquired at an average cost of $1.34 per share, with a total value of $54,803.32. Following the completion of the acquisition, the director now owns 1,080,000 shares in the company, valued at $1,447,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.80% of the company's stock.