Charles & Colvard, Ltd. (NASDAQ:CTHR) Stock Crosses Below 200 Day Moving Average of $3.39

Shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.39 and traded as low as $1.71. Charles & Colvard, Ltd. shares last traded at $1.73, with a volume of 11,226 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. in a research report on Thursday. They set a “hold” rating for the company.

Charles & Colvard, Ltd. Stock Down 6.5 %

The firm has a market capitalization of $5.40 million, a P/E ratio of -0.29 and a beta of 1.33. The firm’s 50-day simple moving average is $2.61 and its 200-day simple moving average is $3.39.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last announced its earnings results on Thursday, May 2nd. The company reported ($1.20) earnings per share (EPS) for the quarter. The company had revenue of $5.26 million for the quarter. Charles & Colvard, Ltd. had a negative net margin of 77.23% and a negative return on equity of 51.35%.

About Charles & Colvard, Ltd.

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.