Fitness Champs Stock to Reverse Split on Monday, March 23rd (NASDAQ:FCHL)

Fitness Champs Holdings Ltd (NASDAQ:FCHL)’s stock is going to reverse split on Monday, March 23rd. The 1-15 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, March 22nd.

Fitness Champs Stock Performance

FCHL traded down $0.02 on Thursday, reaching $0.17. The stock had a trading volume of 432,235 shares, compared to its average volume of 269,511. The company has a 50-day moving average price of $0.23. Fitness Champs has a 12-month low of $0.16 and a 12-month high of $7.64.

Fitness Champs (NASDAQ:FCHL) last issued its quarterly earnings data on Monday, December 29th. The company reported $0.00 earnings per share for the quarter. The firm had revenue of $0.85 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Fitness Champs in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Fitness Champs has a consensus rating of “Sell”.

Institutional Inflows and Outflows

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

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.