CCH (NASDAQ:CCHH) Shares to Reverse Split on Monday, July 13th

Shares of CCH Holdings Ltd (NASDAQ:CCHH) are set to reverse split on Monday, July 13th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, July 12th.

CCH Stock Performance

CCH stock traded down $0.05 during mid-day trading on Thursday, hitting $0.21. 12,218,935 shares of the company’s stock were exchanged, compared to its average volume of 16,626,726. CCH has a 1-year low of $0.18 and a 1-year high of $15.39. The stock has a 50 day moving average of $0.43 and a two-hundred day moving average of $0.54. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.22.

CCH (NASDAQ:CCHH) last posted its earnings results on Saturday, May 16th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $2.46 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised CCH from a “sell (e)” rating to a “sell (d-)” rating in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, CCH has a consensus rating of “Sell”.

About CCH

We are one of the leading specialty hotpot restaurant chains in Malaysia, specializing in chicken hotpot and fish head hotpot. With roots in George Town, Penang, Malaysia since 2015, we have become a top player in the specialty hotpot market in Malaysia. Our principal executive offices are located in Pulau Pinang, Malaysia.