CCH Holdings Ltd’s (NASDAQ:CCHH) Lock-Up Period Will End on April 1st

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 major shareholders and company insiders from selling shares in the company will be lifted.

Analyst Ratings Changes

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

CCH Stock Down 5.6%

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

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.