Revenue Update on Charles & Colvard Ltd.(NASDAQ:CTHR)

Charles & Colvard Ltd.(NASDAQ:CTHR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Earnings per share were $-0.04.

Charles & Colvard Ltd. (CTHR) remained unchanged at the close of Friday session. Even as the volume increased to 31,020 ,the shares failed to make any impression and ended at 0 points or 0.00% at $1.07. The trading session commenced at $1.079 and the stock hit a high of $1.08 and touched $1.07 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $1.49 and the 52-week low is $0.75. The company has a market cap of $23 M and has approximately 2,14,79,885 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Jun 20, 2016, Ollin B Sykes (director) purchased 40,000 shares at $1.06 per share price.Also, On May 5, 2016, Neal I Goldman (director) purchased 25,000 shares at $1.20 per share price.On Mar 14, 2016, Suzanne Miglucci (CEO) purchased 45,000 shares at $1.20 per share price, according to the Form-4 filing with the securities and exchange commission.

Charles & Colvard Ltd. manufactures markets and distributes Charles & Colvard Created Moissanite jewels (moissanite) finished jewelry featuring moissanite and fashion finished jewelry. The Company manages its business primarily by its three distribution channels that it uses to sell its product lines loose jewels and finished jewelry. Its three operating segments are Wholesale and Charles & Colvard Direct. It sells its loose moissanite jewels at wholesale to distributors and manufacturers around the world which mount them into jewelry to be sold at retail outlets and via the Internet. Its basic designs include stud earnings solitaire and three-stone rings pendants and bracelets. It also sells fashion-oriented designer moissanite jewelry that it offers as an expansion to the basic line of jewelry. Its brands include Lulu Avenue Classic Moissanite and Forever Brilliant among others.

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