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Charles & Colvard (NASDAQ:CTHR) Director Anne M. Butler bought 10,900 shares of the company’s stock on the open market in a transaction dated Thursday, August 7th. The stock was purchased at an average cost of $1.82 per share, with a total value of $19,838.00. Following the completion of the purchase, the director now directly owns 76,781 shares of the company’s stock, valued at approximately $139,741. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

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 (NASDAQ:CTHR) opened at 1.89 on Friday. Charles & Colvard has a one year low of $1.70 and a one year high of $8.34. The stock’s 50-day moving average is $2.09 and its 200-day moving average is $2.86. The company’s market cap is $38.3 million.

Charles & Colvard (NASDAQ:CTHR) last announced its earnings results 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.

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.

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