Charles & Colvard, Ltd. (NASDAQ:CTHR) Now Covered by StockNews.com

StockNews.com began coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHRGet Rating) in a research note issued to investors on Monday morning. The brokerage issued a hold rating on the stock.

Separately, TheStreet lowered Charles & Colvard, Ltd. from a c rating to a d+ rating in a research note on Friday, November 4th.

Charles & Colvard, Ltd. Price Performance

Charles & Colvard, Ltd. stock opened at $0.93 on Monday. Charles & Colvard, Ltd. has a one year low of $0.90 and a one year high of $3.20. The business has a fifty day moving average price of $1.00 and a 200-day moving average price of $1.20. The firm has a market capitalization of $28.22 million, a P/E ratio of 46.52 and a beta of 0.63.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Founders Capital Management grew its holdings in shares of Charles & Colvard, Ltd. by 150.0% during the 2nd quarter. Founders Capital Management now owns 20,000 shares of the company’s stock worth $25,000 after acquiring an additional 12,000 shares during the period. Cerity Partners LLC bought a new position in Charles & Colvard, Ltd. in the 2nd quarter valued at approximately $29,000. Whitener Capital Management Inc. bought a new position in Charles & Colvard, Ltd. in the 1st quarter valued at approximately $47,000. Ronald Blue Trust Inc. bought a new position in Charles & Colvard, Ltd. in the 2nd quarter valued at approximately $79,000. Finally, State Street Corp lifted its position in Charles & Colvard, Ltd. by 14.8% in the 1st quarter. State Street Corp now owns 93,048 shares of the company’s stock valued at $146,000 after acquiring an additional 12,003 shares in the last quarter. Hedge funds and other institutional investors own 26.54% of the company’s stock.

Charles & Colvard, Ltd. Company Profile

(Get Rating)

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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