Charles & Colvard Ltd (CTHR, Financial) experienced a significant stock drop of 5.63%, with shares trading at $1.51. The trading volume reached 4,058 shares, marking a turnover rate of 0.13% and price fluctuation of 2.50%.
The company's recent financial report revealed revenue of $5.26 million, a net loss of $3.63 million, and an earnings per share (EPS) of -$1.20. The gross profit stood at $1.19 million, with a negative price-to-earnings (P/E) ratio of -0.26. No current institutional ratings suggest buying, holding, or selling this stock.
In the broader luxury goods sector, where CTHR operates, there was a general decline of 2.91%. However, stocks like Movado, Signet Jewelers, and The RealReal, Inc. showed significant trading activity with turnover rates of 1.38%, 1.34%, and 0.91%, respectively. Notable stocks with larger price fluctuations included Myt Netherlands Parent Bv, The RealReal, Inc., and Brilliant Earth Group, Inc., with variances of 9.74%, 7.53%, and 5.38%, respectively.
Charles & Colvard Ltd is known for producing and selling finished jewelry, including moissanite gemstones, primarily through online channels like charlesandcolvard.com and moissaniteoutlet.com, as well as through other exclusive e-commerce platforms.
