CCH (NASDAQ:CCHH) CEO Kok Goh Purchases 5,220,000 Shares

CCH Holdings Ltd (NASDAQ:CCHH) CEO Kok Goh bought 5,220,000 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was acquired at an average cost of $0.28 per share, for a total transaction of $1,461,600.00. Following the acquisition, the chief executive officer directly owned 5,220,000 shares of the company’s stock, valued at $1,461,600. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CCH Stock Performance

CCHH stock opened at $1.38 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.04 and a current ratio of 2.11. CCH Holdings Ltd has a fifty-two week low of $1.15 and a fifty-two week high of $153.90. The business has a 50 day moving average price of $2.71 and a 200 day moving average price of $4.71.

Wall Street Analyst Weigh In

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