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

StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a report issued on Wednesday. The brokerage issued a hold rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Shares of NASDAQ:CTHR opened at $1.19 on Wednesday. Charles & Colvard, Ltd. has a one year low of $1.16 and a one year high of $4.90. The company has a 50-day simple moving average of $1.41 and a 200-day simple moving average of $1.70. The stock has a market capitalization of $3.71 million, a price-to-earnings ratio of -0.20 and a beta of 1.44.

About Charles & Colvard, Ltd.

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.