Charles & Colvard, Ltd. (CTHR) Issues Earnings Results
Charles & Colvard, Ltd. (NASDAQ:CTHR) released its quarterly earnings results on Thursday. The company reported ($0.03) EPS for the quarter, Bloomberg Earnings reports. Charles & Colvard, Ltd. had a negative net margin of 2.75% and a negative return on equity of 2.23%. The business had revenue of $6.40 million during the quarter.
Shares of NASDAQ:CTHR opened at $1.01 on Friday. Charles & Colvard, Ltd. has a 52-week low of $0.80 and a 52-week high of $1.60.
Separately, TheStreet cut Charles & Colvard, Ltd. from a “c” rating to a “d+” rating in a research note on Monday, July 2nd.
Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.
Further Reading: Book Value Per Share – BVPS
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