Insider Selling: CCH (NASDAQ:CCHH) CEO Sells 4,872,500 Shares

CCH Holdings Ltd (NASDAQ:CCHH) CEO Kok Goh sold 4,872,500 shares of the 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 completion of the sale, the chief executive officer directly owned 347,500 shares of the company’s stock, valued at $97,300. The trade was a 93.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

CCH Price Performance

CCHH opened at $1.38 on Wednesday. The company has a quick ratio of 2.04, a current ratio of 2.11 and a debt-to-equity ratio of 0.22. The firm’s fifty day moving average price is $2.71 and its two-hundred day moving average price is $4.71. CCH Holdings Ltd has a 1 year low of $1.15 and a 1 year high of $153.90.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CCH currently 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.