Fitness Champs (NASDAQ:FCHL) Shares Down 2.9% – Here’s Why

Shares of Fitness Champs Holdings Ltd (NASDAQ:FCHL) were down 2.9% on Friday. The stock traded as low as $0.92 and last traded at $0.9280. Approximately 10,244 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 673,867 shares. The stock had previously closed at $0.9562.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Fitness Champs from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Fitness Champs currently has an average rating of “Sell”.

Fitness Champs Stock Down 2.9%

The business’s fifty day simple moving average is $1.06 and its 200 day simple moving average is $12.54.

Fitness Champs (NASDAQ:FCHL) last released its quarterly earnings data on Thursday, August 27th. The company reported ($1.42) earnings per share (EPS) for the quarter. The firm had revenue of $0.79 million for the quarter.

About Fitness Champs

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.