Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Ollin B. Sykes Buys 15,923 Shares

Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Ollin B. Sykes bought 15,923 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were acquired at an average cost of $1.57 per share, for a total transaction of $24,999.11. Following the transaction, the director now directly owns 348,484 shares in the company, valued at approximately $547,119.88. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ:CTHR traded down $0.03 during trading on Friday, reaching $1.56. The stock had a trading volume of 103,281 shares, compared to its average volume of 144,621. Charles & Colvard, Ltd. has a one year low of $0.80 and a one year high of $2.48. The firm has a market cap of $44.56 million, a P/E ratio of 22.21 and a beta of -0.60. The stock has a 50-day moving average of $1.66.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter. Charles & Colvard, Ltd. had a net margin of 4.56% and a return on equity of 4.06%. The business had revenue of $7.90 million for the quarter. As a group, research analysts predict that Charles & Colvard, Ltd. will post 0.1 earnings per share for the current year.

Separately, Roth Capital started coverage on shares of Charles & Colvard, Ltd. in a research report on Wednesday, June 12th. They set a “buy” rating and a $2.50 target price on the stock.

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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