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

Shares of CCH Holdings Ltd (NASDAQ:CCHH) are going to reverse split before the market opens 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 Down 20.2%

CCH stock traded down $0.05 during mid-day trading on Thursday, reaching $0.21. 12,218,935 shares of the company’s stock were exchanged, compared to its average volume of 7,031,598. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04. CCH has a twelve month low of $0.18 and a twelve month high of $15.39. The company has a fifty day moving average of $0.43 and a 200-day moving average of $0.54.

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

Analyst Upgrades and Downgrades

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.com, the stock currently 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.