First Choice Healthcare Solutions Inc (OTCMKTS:FCHS) Boosted By News

[[tagnumber 0]][[tagnumber 1]]First Choice Healthcare Solutions Inc (OTCMKTS:FCHS)’s stock rarely attracts a lot of investor attention and the daily percentile movements of the ticker are usually not very big. After hovering around the $1 per share mark in the beginning of the year we saw [[tagnumber 2]]FCHS[[tagnumber 3]] make a decent run up the charts that led it to $1.30 at the start of April.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]Since then, however, the ticker has been struggling to keep its positions and lost some of its value, returning to around $1 levels. It appears that the annual report of the company wasn’t very appealing to investors as [[tagnumber 2]]FCHS [[tagnumber 3]]made a bid dip just a few days after it was filed with the SEC. Here are some of the numbers of prime interest contained in its balance sheet.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 15]] [[tagnumber 16]]cash: $279 thousand[[tagnumber 17]] [[tagnumber 16]]current assets: $2.62 million[[tagnumber 17]] [[tagnumber 16]]current liabilities: $6.37 million[[tagnumber 17]] [[tagnumber 16]]total liabilities: $14.63 million[[tagnumber 17]] [[tagnumber 16]]yearly revenues: $8.1 million[[tagnumber 17]] [[tagnumber 16]]yearly net loss: $2.48 million[[tagnumber 17]] [[tagnumber 28]] [[tagnumber 0]]Indeed, the company is generating some impressive revenues, but the cash on hand seems to be quite small, especially compared to the liabilities. Still, with a market cap of around $20 million, [[tagnumber 2]]FCHS [[tagnumber 3]]is not as expensive as other OTC entities that have far less to show.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]This is the reason why the company stock is highly susceptible to positive news. Yesterday it was announced that [[tagnumber 2]]FCHS [[tagnumber 3]]has expanded its medical center portfolio by adding the Brevard Orthopaedic Spine & Pain Clinic, Inc. d/b/a The B.A.C.K. Center.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]The expected increase of revenues that was mentioned in the press release was enough to get investors excited and pushed [[tagnumber 2]]FCHS [[tagnumber 3]]13.33% in the “right” direction. As the ticker was going for a close at $1.19 we saw a total of 204 thousand shares change their owners, generating some $243 thousand in daily dollar volume.[[tagnumber 4]] [[tagnumber 0]] [[tagnumber 4]] [[tagnumber 0]]After a bit of hesitation in the first minutes of today we see that [[tagnumber 2]]FCHS [[tagnumber 3]]has reached a price of $1.29 as of the writing of this article. Despite the positive news, however, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 4]]