Charles & Colvard Ltd (CTHR) Upgraded by TheStreet to C-
Shares of Charles & Colvard Ltd (NASDAQ:CTHR) opened at $1.38 on Monday. Charles & Colvard Ltd has a 1 year low of $0.80 and a 1 year high of $1.55.
Charles & Colvard Ltd (NASDAQ:CTHR) last released its quarterly earnings data on Thursday, November 2nd. The company reported ($0.01) EPS for the quarter. Charles & Colvard Ltd had a negative return on equity of 6.44% and a negative net margin of 9.01%. The business had revenue of $6.21 million during the quarter.
In other Charles & Colvard Ltd news, Director Ollin B. Sykes bought 35,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was purchased at an average price of $1.26 per share, with a total value of $44,100.00. Following the transaction, the director now owns 348,484 shares in the company, valued at $439,089.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ollin B. Sykes bought 24,148 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average cost of $1.30 per share, with a total value of $31,392.40. Following the transaction, the director now owns 348,484 shares in the company, valued at approximately $453,029.20. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 142,862 shares of company stock valued at $178,241. Corporate insiders own 20.30% of the company’s stock.
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About Charles & Colvard Ltd
Charles & Colvard, Ltd. manufactures and distributes Charles & Colvard Created Moissanite jewels (moissanite) and finished jewelry featuring moissanite. The Company’s segments are Wholesale, Moissanite.com and Charles & Colvard Direct. The Company sells loose moissanite jewels and finished jewelry at wholesale to distributors, manufacturers and retailers, and at retail to end consumers through its operating subsidiaries.
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