Charles & Colvard Director Purchases $20,300 in Stock (CTHR)
Charles & Colvard (NASDAQ:CTHR) Director George R. Cattermole bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $2.03 per share, with a total value of $20,300.00. Following the acquisition, the director now directly owns 466,606 shares in the company, valued at approximately $947,210. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Charles & Colvard (NASDAQ:CTHR) traded up 2.93% on Friday, hitting $2.11. The stock had a trading volume of 143,287 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 $2.07 and its 200-day moving average is $2.79. The company’s market cap is $43.0 million.
Charles & Colvard (NASDAQ:CTHR) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.31) EPS for the quarter, missing the Thomson Reuters 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 $-0.41 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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