Kok Goh Sells 4,872,500 Shares of CCH (NASDAQ:CCHH) Stock

CCH Holdings Ltd (NASDAQ:CCHH) CEO Kok Goh sold 4,872,500 shares of CCH stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $0.28, for a total transaction of $1,364,300.00. Following the sale, the chief executive officer owned 347,500 shares in the company, valued at approximately $97,300. The trade was a 93.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

CCH Trading Down 5.6%

CCHH stock opened at $1.34 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04. The company’s fifty day moving average price is $2.59 and its 200-day moving average price is $4.66. CCH Holdings Ltd has a one year low of $1.15 and a one year high of $153.90.

Wall Street Analyst Weigh In

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