Charles & Colvard, Ltd. (NASDAQ:CTHR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

Charles & Colvard, Ltd. Price Performance

CTHR stock opened at $0.34 on Wednesday. The business’s fifty day moving average is $0.59 and its 200-day moving average is $0.81. The company has a market cap of $10.35 million, a P/E ratio of -0.53 and a beta of 0.91. Charles & Colvard, Ltd. has a twelve month low of $0.32 and a twelve month high of $1.26.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last released its quarterly earnings data on Thursday, October 12th. The company reported ($0.30) EPS for the quarter. Charles & Colvard, Ltd. had a negative net margin of 65.39% and a negative return on equity of 38.31%. The firm had revenue of $5.56 million during the quarter.

Hedge Funds Weigh In On Charles & Colvard, Ltd.

A number of large investors have recently added to or reduced their stakes in CTHR. Punch & Associates Investment Management Inc. grew its holdings in shares of Charles & Colvard, Ltd. by 10.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,077,051 shares of the company’s stock valued at $1,932,000 after acquiring an additional 194,505 shares in the last quarter. Meros Investment Management LP lifted its stake in Charles & Colvard, Ltd. by 14.9% in the 1st quarter. Meros Investment Management LP now owns 632,614 shares of the company’s stock valued at $993,000 after purchasing an additional 82,148 shares during the last quarter. State Street Corp lifted its stake in Charles & Colvard, Ltd. by 14.8% in 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 during the last quarter. Finally, George Kaiser Family Foundation acquired a new stake in Charles & Colvard, Ltd. in the 1st quarter valued at about $443,000. Institutional investors own 26.37% of the company’s stock.

About Charles & Colvard, Ltd.

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.