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

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

Charles & Colvard, Ltd. Stock Performance

NASDAQ:CTHR opened at $1.14 on Friday. Charles & Colvard, Ltd. has a 52-week low of $1.06 and a 52-week high of $4.00. The company has a market cap of $3.56 million, a P/E ratio of -0.19 and a beta of 1.42. The stock’s 50-day simple moving average is $1.45 and its 200 day simple moving average is $1.48.

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.