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

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

Charles & Colvard, Ltd. Stock Down 5.5 %

NASDAQ:CTHR opened at $0.86 on Friday. The stock has a market cap of $2.68 million, a price-to-earnings ratio of -0.15 and a beta of 1.30. The company’s 50 day moving average price is $1.06 and its 200-day moving average price is $1.30. Charles & Colvard, Ltd. has a 52 week low of $0.72 and a 52 week high of $3.90.

Charles & Colvard, Ltd. Company Profile

Charles & Colvard Ltd. engages in the manufacture and distribution of moissanite jewels and finished jewelry featuring moissanite for sale in the worldwide jewelry market. It operates through the following business segments: Online Channels and Traditional. The Online Channels segment refers to the e-commerce outlets, including charlesandcolvard.com, third-party online marketplaces, drop-ship, other pure-play, and e-commerce outlets.