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

Equities research analysts at StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Performance

Shares of NASDAQ CTHR opened at $1.14 on Friday. The stock has a market capitalization of $3.56 million, a P/E ratio of -0.19 and a beta of 1.42. The stock’s fifty day moving average is $1.45 and its 200 day moving average is $1.48. Charles & Colvard, Ltd. has a 52 week low of $1.06 and a 52 week high of $4.00.

About Charles & Colvard, Ltd.

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.