Charles & Colvard Director Anne M. Butler Acquires 10,900 Shares (CTHR)
Charles & Colvard (NASDAQ:CTHR) Director Anne M. Butler acquired 10,900 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $1.82 per share, with a total value of $19,838.00. Following the completion of the transaction, the director now directly owns 76,781 shares of the company’s stock, valued at approximately $139,741. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Charles & Colvard (NASDAQ:CTHR) traded up 3.85% during mid-day trading on Friday, hitting $1.89. The stock had a trading volume of 41,195 shares. Charles & Colvard has a 52-week low of $1.70 and a 52-week high of $8.34. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $2.86. The company’s market cap is $38.3 million.
Charles & Colvard (NASDAQ:CTHR) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.31) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.01) by $0.30. The company had revenue of $7.80 million for the quarter, compared to the consensus estimate of $7.47 million. Analysts expect that Charles & Colvard will post $-0.07 EPS for the current fiscal year.
Separately, analysts at Craig Hallum initiated coverage on shares of Charles & Colvard in a research note on Wednesday, May 14th. They set a “buy” rating and a $4.00 price target on the stock.
Charles & Colvard, Ltd. (NASDAQ:CTHR) manufactures, markets, and distributes Charles & Colvard Created Moissanite jewels (which the Company refer to as moissanite or moissanite jewels) and finished jewelry featuring moissanite for sale in the worldwide jewelry market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.