Charles & Colvard (NASDAQ:CTHR) Director Ollin B. Sykes Purchases 21,000 Shares

Charles & Colvard (NASDAQ:CTHR) Director Ollin B. Sykes purchased 21,000 shares of the stock in a transaction that occurred on Tuesday, March 13th. The shares were purchased at an average cost of $1.35 per share, for a total transaction of $28,350.00. Following the completion of the acquisition, the director now directly owns 348,484 shares of the company’s stock, valued at approximately $470,453.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of NASDAQ CTHR traded up $0.01 during mid-day trading on Friday, reaching $1.36. The company’s stock had a trading volume of 24,985 shares, compared to its average volume of 68,434. Charles & Colvard has a 1-year low of $0.80 and a 1-year high of $1.60.

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Charles & Colvard (NASDAQ:CTHR) last issued its earnings results on Thursday, March 8th. The company reported $0.03 EPS for the quarter. Charles & Colvard had a negative net margin of 1.68% and a negative return on equity of 1.33%. The business had revenue of $8.54 million during the quarter.

Separately, TheStreet raised shares of Charles & Colvard from a “d+” rating to a “c-” rating in a report on Monday, December 11th.

An institutional investor recently bought a new position in Charles & Colvard stock. Deutsche Bank AG acquired a new position in shares of Charles & Colvard (NASDAQ:CTHR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 81,302 shares of the company’s stock, valued at approximately $109,000. Deutsche Bank AG owned about 0.38% of Charles & Colvard at the end of the most recent quarter. 13.62% of the stock is owned by institutional investors and hedge funds.

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Charles & Colvard Company Profile

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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