Charles & Colvard, Ltd. Stock Scheduled to Reverse Split on Friday, May 17th (NASDAQ:CTHR)

Shares of Charles & Colvard, Ltd. (NASDAQ:CTHRFree Report) are scheduled to reverse split on the morning of Friday, May 17th. The 1-10 reverse split was announced on Friday, May 17th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, May 17th.

Charles & Colvard, Ltd. Trading Down 4.7 %

CTHR traded down $0.01 during mid-day trading on Wednesday, hitting $0.27. 690,914 shares of the stock were exchanged, compared to its average volume of 128,782. The firm’s fifty day moving average is $0.34 and its two-hundred day moving average is $0.37. Charles & Colvard, Ltd. has a 1-year low of $0.26 and a 1-year high of $0.98. The company has a market cap of $8.19 million, a PE ratio of -0.46 and a beta of 0.90.

Charles & Colvard, Ltd. (NASDAQ:CTHRGet Free Report) last released its earnings results on Tuesday, February 13th. The company reported ($0.09) earnings per share for the quarter. The firm had revenue of $7.91 million during the quarter. Charles & Colvard, Ltd. had a negative net margin of 77.23% and a negative return on equity of 51.35%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Charles & Colvard, Ltd. in a report on Friday, May 10th. They issued a “hold” rating for the company.

Check Out Our Latest Stock Report on CTHR

Insiders Place Their Bets

In related news, Director Ollin B. Sykes bought 107,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of $0.33 per share, with a total value of $35,475.00. Following the purchase, the director now directly owns 1,844,398 shares of the company’s stock, valued at approximately $608,651.34. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired a total of 139,850 shares of company stock worth $47,311 over the last 90 days. Corporate insiders own 24.60% of the company’s stock.

Charles & Colvard, Ltd. Company Profile

(Get Free Report)

Charles & Colvard, Ltd. operates as a fine jewelry company in the United States and internationally. The company operates in two segments, Online Channels and Traditional. It 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.

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