CCH Holdings Ltd’s Lock-Up Period Set To Expire on April 1st (NASDAQ:CCHH)

CCH’s (NASDAQ:CCHH) lock-up period is set to end on Wednesday, April 1st. CCH had issued 1,250,000 shares in its public offering on October 3rd. The total size of the offering was $5,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings began coverage on CCH in a research report on Monday, December 29th. They issued 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 5.6%

NASDAQ CCHH opened at $0.65 on Wednesday. The company’s 50-day moving average price is $0.64. CCH has a twelve month low of $0.36 and a twelve month high of $15.39.

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.