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Town Sports International Holdings (NASDAQ:CLUB) reached a new 52-week low during mid-day trading on Thursday after Wedbush lowered their price target on the stock from $8.00 to $5.50, reports. The stock traded as low as $4.66 and last traded at $4.75, with a volume of 1,683,308 shares changing hands. The stock had previously closed at $6.18.

The stock’s 50-day moving average is $6.32 and its 200-day moving average is $7.97. The company has a market cap of $110.6 million and a P/E ratio of 34.72. Town Sports International Holdings also saw a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 502,133 shares, a decline of 73.4% from the June 30th total of 1,884,535 shares. Currently, 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 161,543 shares, the days-to-cover ratio is presently 3.1 days.

Town Sports International Holdings (NASDAQ:CLUB) last released its earnings data on Wednesday, July 30th. The company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $115.70 million for the quarter, compared to the consensus estimate of $116.28 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts expect that Town Sports International Holdings will post $-0.09 EPS for the current fiscal year.

Town Sports International Holdings, Inc (NASDAQ:CLUB) is the owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States and the fitness club owner and operator in the United States, in each case based on the number of clubs.

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