CCH Holdings Ltd’s Lock-Up Period Set To End on April 1st (NASDAQ:CCHH)

CCH’s (NASDAQ:CCHH) lock-up period is set to expire on Wednesday, April 1st. CCH had issued 1,250,000 shares in its initial public offering on October 3rd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of CCH’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings assumed coverage on CCH in a research note on Monday, December 29th. They issued a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

CCH Stock Up 3.2%

Shares of NASDAQ CCHH opened at $0.64 on Friday. CCH has a twelve month low of $0.36 and a twelve month high of $15.39. The business’s fifty day moving average price is $0.65.

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.