CCH (NASDAQ:CCHH) Stock Price Up 0.4% – Here’s Why

CCH Holdings Ltd (NASDAQ:CCHH)’s share price rose 0.4% during trading on Wednesday . The company traded as high as $1.24 and last traded at $1.2050. 7,482 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 56,988 shares. The stock had previously closed at $1.20.

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 MarketBeat, CCH currently has an average rating of “Sell”.

CCH Stock Up 1.7%

The firm’s 50 day moving average price is $1.57 and its 200 day moving average price is $4.03. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.04 and a current ratio of 2.11.

Insider Transactions at CCH

In other CCH news, CEO Kok E. Goh purchased 5,220,000 shares of CCH stock in a transaction that occurred on Friday, July 24th. The shares were bought at an average price of $0.28 per share, for a total transaction of $1,461,600.00. Following the acquisition, the chief executive officer directly owned 5,220,000 shares in the company, valued at approximately $1,461,600. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

CCH Company Profile

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.