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TheStreet Wire

Charles & Colvard Stock Soars (CTHR)

By TheStreet Wire 02/23/12 - 10:12 AM EST

Find out if (CTHR) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Shares of Charles & Colvard (Nasdaq:CTHR) have taken a tremendous swing upward. The stock is trading at $3.71 as of 9:44 a.m. ET, 21.6% above Wednesday's closing price of $3.05. Volume is at 38,100, 1.5 times the daily average of 25,600.

Charles & Colvard has a market cap of $53.5 million and is part of the services sector and specialty retail industry. Shares are up 18.7% year to date as of the close of trading on Wednesday.

Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite in the United States and internationally. The company has a P/E ratio of 313, above the average specialty retail industry P/E ratio of 275 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Charles & Colvard as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity. You can view the full Charles & Colvard Ratings Report.

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