Charles & Colvard, Ltd. (NASDAQ:CTHR) Director Ollin B. Sykes acquired 21,000 shares of the stock in a transaction on Tuesday, March 13th. The shares were bought at an average price of $1.35 per share, with a total value of $28,350.00. Following the purchase, 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 Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Charles & Colvard, Ltd. (NASDAQ CTHR) traded up $0.02 during trading hours on Wednesday, reaching $1.37. The company’s stock had a trading volume of 78,087 shares, compared to its average volume of 152,951. The stock has a market capitalization of $29.58, a PE ratio of -68.50 and a beta of 0.84. Charles & Colvard, Ltd. has a 1-year low of $0.80 and a 1-year high of $1.60.
Separately, TheStreet upgraded Charles & Colvard, Ltd. from a “d+” rating to a “c-” rating in a research note on Monday, December 11th.
An institutional investor recently raised its position in Charles & Colvard, Ltd. stock. Renaissance Technologies LLC raised its stake in shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) by 58.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 255,051 shares of the company’s stock after buying an additional 93,851 shares during the quarter. Renaissance Technologies LLC owned about 1.18% of Charles & Colvard, Ltd. worth $344,000 at the end of the most recent quarter. 13.54% of the stock is currently owned by institutional investors and hedge funds.
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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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