Charles & Colvard, Ltd. (CTHR) Director Purchases $22,801.00 in Stock

Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Jaqui Lividini bought 15,100 shares of the company’s stock in a transaction that occurred on Tuesday, December 11th. The shares were purchased at an average price of $1.51 per share, with a total value of $22,801.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of Charles & Colvard, Ltd. stock traded down $0.06 during mid-day trading on Monday, reaching $1.00. 83,700 shares of the stock were exchanged, compared to its average volume of 61,150. Charles & Colvard, Ltd. has a fifty-two week low of $0.83 and a fifty-two week high of $1.60.

Charles & Colvard, Ltd. (NASDAQ:CTHR) last announced its earnings results on Thursday, September 6th. The company reported ($0.03) earnings per share (EPS) for the quarter. The firm had revenue of $6.40 million for the quarter. Charles & Colvard, Ltd. had a negative return on equity of 1.39% and a negative net margin of 1.70%.

A hedge fund recently raised its stake in Charles & Colvard, Ltd. stock. Wells Fargo & Company MN increased its position in shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) by 1,743.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 184,413 shares of the company’s stock after purchasing an additional 174,412 shares during the quarter. Wells Fargo & Company MN owned approximately 0.85% of Charles & Colvard, Ltd. worth $251,000 at the end of the most recent quarter. Institutional investors own 10.88% 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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