Charles & Colvard, Ltd. (NASDAQ:CTHR) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Charles & Colvard, Ltd. (NASDAQ:CTHRGet Free Report)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.63 and traded as low as $1.37. Charles & Colvard, Ltd. shares last traded at $1.37, with a volume of 14,702 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. in a report on Friday. They issued a “hold” rating on the stock.

Get Our Latest Research Report on Charles & Colvard, Ltd.

Charles & Colvard, Ltd. Trading Up 5.8 %

The firm has a market cap of $4.52 million, a price-to-earnings ratio of -0.25 and a beta of 1.44. The stock has a 50-day moving average of $1.35 and a 200-day moving average of $1.63.

About Charles & Colvard, Ltd.

(Get Free Report)

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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