Insider Buying: Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Acquires 15,500 Shares of Stock

Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Jaqui Lividini acquired 15,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $1.60 per share, with a total value of $24,800.00. Following the completion of the transaction, the director now owns 15,500 shares in the company, valued at $24,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of CTHR stock remained flat at $$1.51 on Friday. The stock had a trading volume of 293,363 shares, compared to its average volume of 577,217. The firm has a market capitalization of $45.97 million, a PE ratio of 23.43 and a beta of -0.30. Charles & Colvard, Ltd. has a 12 month low of $0.80 and a 12 month high of $2.48.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter. The company had revenue of $7.90 million during the quarter. Charles & Colvard, Ltd. had a return on equity of 4.06% and a net margin of 4.56%.

Separately, Roth Capital initiated coverage on Charles & Colvard, Ltd. in a report on Wednesday. They issued a “buy” rating and a $2.50 target price for the company.

A hedge fund recently raised its stake in Charles & Colvard, Ltd. stock. Renaissance Technologies LLC grew its stake in shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) by 11.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 242,271 shares of the company’s stock after purchasing an additional 24,400 shares during the quarter. Renaissance Technologies LLC owned about 1.12% of Charles & Colvard, Ltd. worth $276,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.65% of the company’s stock.

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About Charles & Colvard, Ltd.

Charles & Colvard, Ltd. manufactures, markets, and distributes moissanite jewels and finished jewelry featuring moissanite worldwide. The company offers near-colorless moissanite jewels cut in various shapes, including round, square brilliant, princess, cushion, radiant, pear, marquise, heart, and oval in sizes ranging from approximately 1.3 to 12 millimeters.

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