Shares of Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) 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.
Check Out Our Latest Report on Charles & Colvard, Ltd.
Charles & Colvard, Ltd. Stock Performance
Charles & Colvard, Ltd. (NASDAQ:CTHR – Get Free Report) 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.
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