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

Research analysts at StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHRGet Rating) in a report issued on Monday. The firm set a “hold” rating on the stock.

Separately, TheStreet cut Charles & Colvard, Ltd. from a “c” rating to a “d+” rating in a report on Friday, November 4th.

Charles & Colvard, Ltd. Stock Performance

Charles & Colvard, Ltd. stock opened at $0.92 on Monday. The stock has a market cap of $28.02 million, a P/E ratio of 46.19 and a beta of 0.63. The firm’s fifty day moving average price is $1.01 and its 200-day moving average price is $1.21. Charles & Colvard, Ltd. has a fifty-two week low of $0.90 and a fifty-two week high of $3.38.

Institutional Trading of Charles & Colvard, Ltd.

A number of institutional investors and hedge funds have recently modified their holdings of CTHR. Founders Capital Management grew its stake in shares of Charles & Colvard, Ltd. by 150.0% during the 2nd quarter. Founders Capital Management now owns 20,000 shares of the company’s stock valued at $25,000 after purchasing an additional 12,000 shares during the period. Cerity Partners LLC bought a new position in shares of Charles & Colvard, Ltd. in the 2nd quarter valued at about $29,000. Whitener Capital Management Inc. bought a new position in shares of Charles & Colvard, Ltd. during the 1st quarter valued at approximately $47,000. Ronald Blue Trust Inc. bought a new stake in shares of Charles & Colvard, Ltd. in the 2nd quarter worth about $79,000. Finally, State Street Corp grew its position in Charles & Colvard, Ltd. by 14.8% in the 1st quarter. State Street Corp now owns 93,048 shares of the company’s stock valued at $146,000 after acquiring an additional 12,003 shares during the last quarter. Institutional investors own 26.54% of the company’s stock.

Charles & Colvard, Ltd. Company Profile

(Get Rating)

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.

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