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 two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Charles & Colvard, Ltd. in a report on Thursday. They issued a “hold” rating for the company.

Charles & Colvard, Ltd. Stock Performance

The firm has a market capitalization of $5.40 million, a P/E ratio of -0.29 and a beta of 1.33. The business has a fifty day moving average of $2.61 and a 200-day moving average of $3.39.

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

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.