Charles & Colvard, Ltd. (NASDAQ:CTHR) Stock Passes Below 200-Day Moving Average – Here’s Why

Charles & Colvard, Ltd. (NASDAQ:CTHR) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.36 and traded as low as $0.15. Charles & Colvard, Ltd. shares last traded at $0.15, with a volume of 300 shares.

Charles & Colvard, Ltd. Price Performance

The firm has a market cap of $467,700.00, a price-to-earnings ratio of -0.03 and a beta of 2.80. The firm’s fifty day moving average is $0.17 and its 200-day moving average is $0.36.

About Charles & Colvard, Ltd.

Charles & Colvard, Ltd. (NASDAQ: CTHR) is a North Carolina–based company that specializes in the design, development and commercialization of lab-created moissanite gemstones. As an innovator in the gemstone industry, Charles & Colvard manufactures and distributes branded moissanite under the Charles & Colvard® name and supplies its proprietary material to select jewelry designers, specialty retailers and online merchants. The company’s products are prized for their brilliance, hardness and ethical sourcing attributes, positioning moissanite as an alternative to mined diamonds in the fine jewelry segment.

Founded in 1995 and headquartered in Morrisville, North Carolina, Charles & Colvard was among the first to develop a reliable, scalable manufacturing process for synthetic moissanite.