Insider Buying: George R. Cattermole Buys 10,000 Shares of Charles & Colvard Stock (CTHR)
Charles & Colvard (NASDAQ:CTHR) Director George R. Cattermole purchased 10,000 shares of Charles & Colvard stock in a transaction dated Wednesday, August 13th. The stock was purchased at an average cost of $2.03 per share, for a total transaction of $20,300.00. Following the completion of the purchase, the director now directly owns 466,606 shares of the company’s stock, valued at approximately $947,210. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Charles & Colvard (NASDAQ:CTHR) traded up 11.71% on Friday, hitting $2.29. The stock had a trading volume of 456,809 shares. Charles & Colvard has a 1-year low of $1.70 and a 1-year high of $8.34. The stock has a 50-day moving average of $2.07 and a 200-day moving average of $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) 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 $-0.41 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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