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Charles & Colvard (NASDAQ:CTHR) Director Anne M. Butler purchased 124,000 shares of Charles & Colvard stock on the open market in a transaction that occurred on Friday, August 15th. The stock was purchased at an average cost of $2.23 per share, for a total transaction of $276,520.00. Following the acquisition, the director now directly owns 250,881 shares in the company, valued at approximately $559,465. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Charles & Colvard (NASDAQ:CTHR) traded down 3.93% on Monday, hitting $2.20. 88,580 shares of the company’s stock traded hands. Charles & Colvard has a 1-year low of $1.70 and a 1-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 $44.8 million.

Charles & Colvard (NASDAQ:CTHR) last released its earnings data 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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