Chanson International (NASDAQ:CHSN) Shares Down 2.4% – Here’s What Happened

Shares of Chanson International Holding (NASDAQ:CHSN) dropped 2.4% on Thursday . The company traded as low as $1.86 and last traded at $2.02. Approximately 5,091 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 7,266 shares. The stock had previously closed at $2.07.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Chanson International in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Chanson International Trading Down 2.4%

The company has a quick ratio of 1.95, a current ratio of 2.00 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $2.21 and a two-hundred day moving average price of $3.26.

Chanson International Company Profile

Chanson International, Inc is a Taiwan‐based designer, manufacturer and distributor of electronic massage and wellness products. The company focuses on developing advanced full-body massage chairs, handheld massagers, foot and eye massaging devices, and heat therapy systems. Chanson leverages proprietary technologies in vibration, air compression and thermal stimulation to deliver relaxation and support musculoskeletal health.

The company markets its products under the Chanson brand through a combination of retail showrooms, wellness centers, e-commerce platforms and direct sales networks.