Are Insiders Purchasing Their Own Shares of Charles & Colvard, Ltd. (NASDAQ:CTHR)?

According to the latest filings, corporate insiders at Charles & Colvard, Ltd. (NASDAQ:CTHR) have increased their position in the stock by 34.52% over the past 6 months.  Insiders now own 5.10% of total outstanding shares. 

Charles & Colvard, Ltd. (NASDAQ:CTHR) stands -0.99% away from its 50-day simple moving average and also -12.00% away from the 200-day average.  Recently, the equity stands -32.31% away from the 52-week high and 8.47% from the 52-week low.  The RSI (Relative Strength Index), an indicator that shows price strength by comparing upward and downward close-to-close movements is 47.89.

ANALYST RECOMMENDATIONS

Wall Street analysts on the sell-side covering shares of Charles & Colvard, Ltd. (NASDAQ:CTHR) have a mean recommendation of 2.00 on the shares.  This is based on a numerical chart where each stock recommendation (Buy,Sell,Hold) is translated into a numerical equivalent.  A low number indicates a Buy and a higher number a Sell.  In terms of where analysts see the stock headed, they have a consensus price target of $2.50  on the shares.

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