CCH (NASDAQ:CCHH) Shares Down 3.9% – Here’s What Happened

CCH Holdings Ltd (NASDAQ:CCHH)’s share price traded down 3.9% during mid-day trading on Friday . The stock traded as low as $0.6562 and last traded at $0.6820. 87,548 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 2,871,853 shares. The stock had previously closed at $0.7099.

Analysts Set New Price Targets

Separately, Weiss Ratings initiated coverage on CCH in a report on Monday, December 29th. They issued a “sell (e-)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CCH has an average rating of “Sell”.

CCH Stock Performance

The firm has a 50 day simple moving average of $0.64.

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.