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

Stock analysts at StockNews.com started coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a report issued on Friday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Up 1.8 %

Shares of NASDAQ:CTHR opened at $1.73 on Friday. The business has a fifty day moving average of $2.34 and a two-hundred day moving average of $3.27. The stock has a market cap of $5.39 million, a P/E ratio of -0.29 and a beta of 1.45. Charles & Colvard, Ltd. has a 52-week low of $1.53 and a 52-week high of $9.60.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last issued 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 during the quarter. Charles & Colvard, Ltd. had a negative net margin of 77.23% and a negative return on equity of 51.35%.

Charles & Colvard, Ltd. Company Profile

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.