Chanson International (NASDAQ:CHSN) Trading Down 3.2% – Here’s What Happened

Chanson International Holding (NASDAQ:CHSN)’s stock price was down 3.2% during mid-day trading on Wednesday . The company traded as low as $2.20 and last traded at $2.40. Approximately 61,043 shares were traded during trading, an increase of 123% from the average daily volume of 27,383 shares. The stock had previously closed at $2.48.

Analyst Ratings Changes

Several equities research analysts have commented on CHSN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Chanson International in a report on Tuesday, October 14th. Wall Street Zen lowered Chanson International from a “hold” rating to a “sell” rating in a research report on Saturday, September 6th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Chanson International Stock Performance

The firm has a 50-day moving average of $2.35 and a 200 day moving average of $8.38. The company has a current ratio of 2.00, a quick ratio of 1.95 and a debt-to-equity ratio of 0.17.

About Chanson International

Chanson International Holding manufactures and sells a range of bakery products, seasonal products, and beverage products for individual and corporate customers. It offers packaged bakery products, such as cakes, bread, sweets, and snacks; birthday cakes; made-in-store pastries; mooncakes and zongzi products; and other products, including sandwiches, salads, toasts, croissants, soups, and desserts, as well as beverages and juice products.