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

Stock analysts at StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Shares of CTHR stock opened at $1.30 on Monday. The company has a market capitalization of $4.06 million, a price-to-earnings ratio of -0.22 and a beta of 1.46. Charles & Colvard, Ltd. has a one year low of $1.18 and a one year high of $4.90. The company’s 50-day moving average is $1.55 and its 200 day moving average is $1.85.

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.