Insider Selling: CCH (NASDAQ:CCHH) CEO Sells $1,364,300.00 in Stock

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

CCH Trading Down 3.0%

NASDAQ CCHH opened at $1.30 on Friday. CCH Holdings Ltd has a 1 year low of $1.15 and a 1 year high of $153.90. The company has a current ratio of 2.11, a quick ratio of 2.04 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average price of $2.52 and a 200-day moving average price of $4.64.

Wall Street Analyst Weigh In

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