Fitness Champs (NASDAQ:FCHL) Shares Down 5.3% – Here’s Why

Shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) traded down 5.3% during mid-day trading on Friday . The company traded as low as $1.76 and last traded at $1.97. 194,811 shares traded hands during trading, a decline of 84% from the average session volume of 1,256,804 shares. The stock had previously closed at $2.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e-)” rating on shares of Fitness Champs in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Fitness Champs Trading Down 5.3%

The firm has a fifty day moving average price of $2.93 and a 200 day moving average price of $4.76.

Fitness Champs (NASDAQ:FCHL) last announced its earnings results on Monday, December 29th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $0.85 million during the quarter.

Institutional Investors Weigh In On Fitness Champs

An institutional investor recently bought a new position in Fitness Champs stock. Scientech Research LLC purchased a new stake in shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 45,312 shares of the company’s stock, valued at approximately $25,000.

Fitness Champs Company Profile

Our mission is to make swimming an affordable sport for all by offering comprehensive swimming lessons and teaching swimming skills and techniques to our students and to encourage the public mass to use swimming as a healthy and fun sport for all ages. We believe we are a leading sports education provider in Singapore based on the following: (i) in 2023, we were the largest service provider of the SwimSafer Program based on the number of assessment bookings, accounting for approximately 30% of market share; and (ii) we are one of the few swim education providers in Singapore that provides both services to students under training programs funded by the Singapore Government and provision of customized private swimming training services.