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 the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $0.28, for a total value of $1,364,300.00. Following the sale, the chief executive officer directly owned 347,500 shares in the company, valued at approximately $97,300. This trade represents a 93.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CCH Trading Up 0.7%

Shares of NASDAQ CCHH opened at $1.38 on Wednesday. CCH Holdings Ltd has a 1 year low of $1.15 and a 1 year high of $153.90. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $4.71.

Wall Street Analyst Weigh In

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