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

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

Charles & Colvard, Ltd. Stock Up 4.5 %

Charles & Colvard, Ltd. stock opened at $1.39 on Friday. Charles & Colvard, Ltd. has a 52 week low of $1.16 and a 52 week high of $4.30. The company’s 50 day moving average price is $1.47 and its two-hundred day moving average price is $1.52. The stock has a market cap of $4.34 million, a P/E ratio of -0.24 and a beta of 1.42.

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.