Charles & Colvard Director Purchases $28,171 in Stock (CTHR)
Charles & Colvard (NASDAQ:CTHR) Director Anne M. Butler bought 14,300 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was purchased at an average price of $1.97 per share, for a total transaction of $28,171.00. Following the completion of the acquisition, the director now directly owns 126,881 shares in the company, valued at approximately $249,956. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Charles & Colvard (NASDAQ:CTHR) traded up 11.71% during mid-day trading on Friday, hitting $2.29. The stock had a trading volume of 456,809 shares. 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 $2.07 and its 200-day moving average is $2.78. The company’s market cap is $46.6 million.
Charles & Colvard (NASDAQ:CTHR) last announced its 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. On average, analysts predict that Charles & Colvard will post $-0.41 earnings per share 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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