Press coverage about Charles & Colvard (NASDAQ:CTHR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Charles & Colvard earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.5538234230782 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Charles & Colvard (NASDAQ CTHR) traded down 2.31% during trading on Friday, reaching $0.84. 4,105 shares of the company’s stock traded hands. Charles & Colvard has a one year low of $0.81 and a one year high of $1.33. The firm’s market capitalization is $18.17 million. The company has a 50-day moving average price of $0.90 and a 200 day moving average price of $0.95.
Charles & Colvard (NASDAQ:CTHR) last released its earnings results on Thursday, May 4th. The company reported ($0.03) earnings per share (EPS) for the quarter. Charles & Colvard had a negative return on equity of 10.62% and a negative net margin of 16.13%. The business had revenue of $5.65 million for the quarter. On average, analysts anticipate that Charles & Colvard will post $0.06 earnings per share for the current fiscal year.
In other news, Director Ollin B. Sykes purchased 51,498 shares of the stock in a transaction dated Tuesday, June 6th. The shares were purchased at an average price of $0.94 per share, with a total value of $48,408.12. Following the transaction, the director now owns 348,484 shares in the company, valued at approximately $327,574.96. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Neal I. Goldman purchased 50,000 shares of the stock in a transaction dated Tuesday, May 9th. The shares were purchased at an average cost of $0.90 per share, for a total transaction of $45,000.00. Following the transaction, the director now owns 192,407 shares in the company, valued at approximately $173,166.30. The disclosure for this purchase can be found here. In the last three months, insiders have bought 289,606 shares of company stock worth $269,599. Corporate insiders own 20.30% of the company’s stock.
Charles & Colvard Company Profile
Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries.
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