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

CCH Holdings Ltd (NASDAQ:CCHH)’s stock is going 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 market closes on Sunday, July 12th.

CCH Stock Down 20.2%

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

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

Analysts Set New Price Targets

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