First Choice Healthcare Solutions Inc (OTCMKTS:FCHS) Dropping Despite Record Q3
[[tagnumber 0]][[tagnumber 1]]First Choice Healthcare Solutions Inc (OTCMKTS:FCHS) has managed to keep a level above the $1 per share mark throughout most of this year, but the volumes in the latest months were rather small and the daily trade values rarely exceeded $100 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company has been properly filings all its reports with the SEC and has regularly issued press releases. It seems, however, that although [[tagnumber 6]]FCHS[[tagnumber 7]] is reporting decent numbers in its most recent financial filing this isn’t enough. Here are some of the numbers contained in the balance sheet for Q3 of this year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $751 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $7.85 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $12.27 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $5.77 million[[tagnumber 13]] [[tagnumber 12]]quarterly net income: $631 thousand[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Although the company is seeing a serious increase in revenues and is actually capable of operating at a profit we see that the recent sessions haven’t been very kind to the ticker. After a 11.61% loss during yesterday’s trading we saw [[tagnumber 6]]FCHS[[tagnumber 7]] slide below the $1 per share mark and close at $0.99, while a total of 224 thousand traded shares generated $232 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite the positive numbers contained in the company’s Q3 filing we see that [[tagnumber 6]]FCHS[[tagnumber 7]] is still hesitating around the $1 per share mark in today’s trading. Only time will tell if the ticker will be able to stabilize, so be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]
