Charles & Colvard, Ltd. (NASDAQ:CTHR) Coverage Initiated at StockNews.com

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

Charles & Colvard, Ltd. Stock Up 13.0 %

Shares of Charles & Colvard, Ltd. stock opened at $1.74 on Tuesday. Charles & Colvard, Ltd. has a 52 week low of $1.16 and a 52 week high of $4.90. The company has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.56. The firm has a market capitalization of $5.43 million, a P/E ratio of -0.29 and a beta of 1.41.

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.