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

Shares of CCH Holdings Ltd (NASDAQ:CCHH) are scheduled 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 Performance

Shares of NASDAQ CCHH traded down $0.05 during midday trading on Thursday, hitting $0.21. The stock had a trading volume of 12,218,935 shares, compared to its average volume of 16,626,726. The business’s 50 day moving average is $0.43 and its 200-day moving average is $0.54. CCH has a 52 week low of $0.18 and a 52 week high of $15.39. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.22.

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

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded 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 data from MarketBeat, CCH presently 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.