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

Charles & Colvard, Ltd. (NASDAQ:CTHR)’s stock price passed 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.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Charles & Colvard, Ltd. in a research report on Thursday. They issued a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Down 1.7 %

The company has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $3.35. The stock has a market capitalization of $5.34 million, a P/E ratio of -0.29 and a beta of 1.33.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last posted its earnings results on Thursday, May 2nd. The company reported ($1.20) earnings per share 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 for 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.