Charles & Colvard, Ltd. (NASDAQ:CTHR) Share Price Crosses Below 200 Day Moving Average of $2.32

Charles & Colvard, Ltd. (NASDAQ:CTHR) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.32 and traded as low as $1.65. Charles & Colvard, Ltd. shares last traded at $1.75, with a volume of 22,012 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Charles & Colvard, Ltd. in a report on Tuesday. They set a “hold” rating for the company.

Charles & Colvard, Ltd. Stock Performance

The stock’s 50 day simple moving average is $1.72 and its 200 day simple moving average is $2.31. The firm has a market cap of $5.46 million, a PE ratio of -0.30 and a beta of 1.43.

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.