CCH (NASDAQ:CCHH) Shares Down 3.9% – Here’s Why

CCH Holdings Ltd (NASDAQ:CCHH)’s stock price dropped 3.9% during trading on Friday . The company traded as low as $0.6562 and last traded at $0.6820. Approximately 87,548 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 2,871,853 shares. The stock had previously closed at $0.7099.

Analysts Set New Price Targets

Separately, Weiss Ratings assumed coverage on shares of CCH in a research report on Monday, December 29th. They set a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

CCH Trading Down 3.9%

The business has a fifty day moving average of $0.64.

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.