StockNews.com Initiates Coverage on Charles & Colvard, Ltd. (NASDAQ:CTHR)

StockNews.com began coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the stock.

Charles & Colvard, Ltd. Stock Down 3.0 %

Shares of CTHR stock opened at $1.60 on Wednesday. The company has a 50 day moving average price of $1.68 and a 200-day moving average price of $2.21. Charles & Colvard, Ltd. has a 52 week low of $1.51 and a 52 week high of $6.00. The firm has a market capitalization of $4.99 million, a PE ratio of -0.27 and a beta of 1.42.

Charles & Colvard, Ltd. Company Profile

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.