Charles & Colvard, Ltd. (NASDAQ:CTHR) Stock Crosses Below 200-Day Moving Average of $1.43

Charles & Colvard, Ltd. (NASDAQ:CTHRGet Rating) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.43 and traded as low as $1.11. Charles & Colvard, Ltd. shares last traded at $1.12, with a volume of 66,062 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Charles & Colvard, Ltd. in a report on Saturday. They issued a “hold” rating on the stock.

Charles & Colvard, Ltd. Stock Performance

The business has a fifty day moving average price of $1.29 and a 200 day moving average price of $1.43. The company has a market capitalization of $34.18 million, a PE ratio of 14.00 and a beta of 0.50.

Hedge Funds Weigh In On Charles & Colvard, Ltd.

Large investors have recently modified their holdings of the company. Founders Capital Management grew its stake in Charles & Colvard, Ltd. by 150.0% during the 2nd quarter. Founders Capital Management now owns 20,000 shares of the company’s stock valued at $25,000 after purchasing an additional 12,000 shares in the last quarter. Cerity Partners LLC acquired a new stake in Charles & Colvard, Ltd. during the 2nd quarter valued at approximately $29,000. Whitener Capital Management Inc. acquired a new stake in Charles & Colvard, Ltd. during the 1st quarter valued at approximately $47,000. Ronald Blue Trust Inc. acquired a new stake in Charles & Colvard, Ltd. during the 2nd quarter valued at approximately $79,000. Finally, State Street Corp grew its stake in Charles & Colvard, Ltd. by 14.8% during the 1st quarter. State Street Corp now owns 93,048 shares of the company’s stock valued at $146,000 after purchasing an additional 12,003 shares in the last quarter. 26.54% of the stock is currently owned by hedge funds and other institutional investors.

About Charles & Colvard, Ltd.

(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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