StockNews.com Begins Coverage on Charles & Colvard, Ltd. (NASDAQ:CTHR)

Stock analysts at StockNews.com assumed coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHRGet Rating) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Separately, TheStreet cut shares of Charles & Colvard, Ltd. from a “c” rating to a “d+” rating in a report on Friday, November 4th.

Charles & Colvard, Ltd. Stock Up 0.6 %

Shares of NASDAQ CTHR opened at $0.96 on Friday. The firm’s 50-day moving average price is $1.03 and its two-hundred day moving average price is $1.22. Charles & Colvard, Ltd. has a 52-week low of $0.90 and a 52-week high of $3.38. The stock has a market capitalization of $28.99 million, a P/E ratio of 47.80 and a beta of 0.63.

Institutional Investors Weigh In On Charles & Colvard, Ltd.

A number of hedge funds have recently made changes to their positions in the business. Meros Investment Management LP raised its holdings in shares of Charles & Colvard, Ltd. by 14.9% during the first quarter. Meros Investment Management LP now owns 632,614 shares of the company’s stock valued at $993,000 after buying an additional 82,148 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Charles & Colvard, Ltd. by 33.4% during the first quarter. Victory Capital Management Inc. now owns 467,420 shares of the company’s stock valued at $734,000 after buying an additional 117,072 shares during the last quarter. Essex Investment Management Co. LLC raised its holdings in shares of Charles & Colvard, Ltd. by 2.5% during the first quarter. Essex Investment Management Co. LLC now owns 361,443 shares of the company’s stock valued at $567,000 after buying an additional 8,789 shares during the last quarter. State Street Corp raised its holdings in shares of Charles & Colvard, Ltd. by 14.8% during the first quarter. State Street Corp now owns 93,048 shares of the company’s stock valued at $146,000 after buying an additional 12,003 shares during the last quarter. Finally, Ronald Blue Trust Inc. bought a new stake in shares of Charles & Colvard, Ltd. during the second quarter valued at approximately $79,000. Institutional investors own 26.54% of the company’s stock.

About Charles & Colvard, Ltd.

(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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