Insider Buying: Charles & Colvard Director Buys 124,000 Shares of Stock (CTHR)
Charles & Colvard (NASDAQ:CTHR) Director Anne M. Butler acquired 124,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were purchased at an average cost of $2.23 per share, for a total transaction of $276,520.00. Following the transaction, the director now directly owns 250,881 shares of the company’s stock, valued at approximately $559,465. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
Charles & Colvard (NASDAQ:CTHR) traded down 0.44% during mid-day trading on Wednesday, hitting $2.27. The stock had a trading volume of 26,487 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 $2.73. The company’s market cap is $46.2 million.
Charles & Colvard (NASDAQ:CTHR) last posted its quarterly earnings results on Thursday, July 31st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the 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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