Charles & Colvard, Ltd. (NASDAQ:CTHR) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.34 and traded as low as $0.0777. Charles & Colvard, Ltd. shares last traded at $0.0777, with a volume of 512 shares changing hands.

Charles & Colvard, Ltd. Trading Down 61.2%

The firm has a market capitalization of $242,268.60, a price-to-earnings ratio of -0.01 and a beta of 2.80. The company’s 50 day moving average is $0.15 and its 200-day moving average is $0.34.

Charles & Colvard, Ltd. Company Profile

Charles & Colvard, Ltd. (NASDAQ: CTHR) is a North Carolina–based company that specializes in the design, development and commercialization of lab-created moissanite gemstones. As an innovator in the gemstone industry, Charles & Colvard manufactures and distributes branded moissanite under the Charles & Colvard® name and supplies its proprietary material to select jewelry designers, specialty retailers and online merchants. The company’s products are prized for their brilliance, hardness and ethical sourcing attributes, positioning moissanite as an alternative to mined diamonds in the fine jewelry segment.

Founded in 1995 and headquartered in Morrisville, North Carolina, Charles & Colvard was among the first to develop a reliable, scalable manufacturing process for synthetic moissanite.