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

CCH Holdings Ltd (NASDAQ:CCHH) shares are set to reverse split on the morning of 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 Performance

Shares of CCHH traded down $0.05 during trading on Thursday, reaching $0.21. 12,218,935 shares of the company traded hands, compared to its average volume of 7,031,598. CCH has a twelve month low of $0.18 and a twelve month high of $15.39. The stock has a 50-day simple moving average of $0.43 and a 200-day simple moving average of $0.54. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 2.04.

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

Analyst Upgrades and Downgrades

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 MarketBeat, the stock presently has a consensus rating of “Sell”.

CCH Company Profile

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.