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

Stock analysts at StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHRGet Rating) in a research note issued on Saturday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Down 0.9 %

NASDAQ CTHR opened at $1.12 on Friday. The firm has a market cap of $34.18 million, a PE ratio of 14.00 and a beta of 0.50. The company has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.43. Charles & Colvard, Ltd. has a 52 week low of $1.11 and a 52 week high of $3.48.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Acadian Asset Management LLC grew its position in Charles & Colvard, Ltd. by 14.8% during the 4th quarter. Acadian Asset Management LLC now owns 722,082 shares of the company’s stock worth $2,085,000 after purchasing an additional 93,172 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Charles & Colvard, Ltd. by 56.3% during the 4th quarter. Essex Investment Management Co. LLC now owns 352,654 shares of the company’s stock worth $1,019,000 after purchasing an additional 127,055 shares during the last quarter. Meros Investment Management LP purchased a new stake in Charles & Colvard, Ltd. during the 4th quarter worth approximately $1,591,000. Victory Capital Management Inc. grew its position in Charles & Colvard, Ltd. by 33.4% during the 1st quarter. Victory Capital Management Inc. now owns 467,420 shares of the company’s stock worth $734,000 after purchasing an additional 117,072 shares during the last quarter. Finally, Whitener Capital Management Inc. purchased a new stake in Charles & Colvard, Ltd. during the 1st quarter worth approximately $47,000. 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 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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