Fitness Champs (NASDAQ:FCHL) Trading Down 5.1% – Here’s Why

Fitness Champs Holdings Ltd (NASDAQ:FCHL)’s share price was down 5.1% during mid-day trading on Tuesday . The company traded as low as $0.2650 and last traded at $0.2650. Approximately 80,966 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 235,198 shares. The stock had previously closed at $0.2792.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FCHL. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Fitness Champs in a report on Monday, December 29th. Wall Street Zen lowered shares of Fitness Champs from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fitness Champs has a consensus rating of “Sell”.

Fitness Champs Stock Performance

The stock’s 50 day moving average is $0.32.

Institutional Trading of Fitness Champs

An institutional investor recently bought a new position in Fitness Champs stock. Scientech Research LLC bought a new stake in Fitness Champs Holdings Ltd (NASDAQ:FCHL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.