First Choice Healthcare Solutions Inc (OTCMKTS:FCHS) Regains Some Lost Ground

[[tagnumber 0]][[tagnumber 1]]After a rather stable performance in the first months of the second half of the year we saw First Choice Healthcare Solutions Inc (OTCMKTS:FCHS) come crashing down the charts in the second half of last month, obliterating quite a lot of its value on increased volumes.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker did manage to make a recovery, but it was shortlived, despite the fact that the company posted rather positive results in their latest financial filing. The 10Q in question covers the third quarter of the year and it contained the following numbers of prime interest in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $751 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $7.85 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $12.27 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $6.29 million[[tagnumber 11]] [[tagnumber 10]]quarterly net income: $631 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those certainly look quite positive for an OTC entity, especially the fact that [[tagnumber 24]]FCHS[[tagnumber 25]] is generating very decent revenues and is even able to operate at a profit. The liabilities, however, have been piling up and this might be one of the reasons for which the report’s positive effect on the ticker lasted only one session and [[tagnumber 24]]FCHS[[tagnumber 25]] returned to sliding.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, after dipping to a new 52week low of $0.759 per share on November 30 we saw the company stock make efforts to climb back up the charts. It seemed, however, that investors needed a bit of a reminder that the company’s financial state is not that bad and we saw [[tagnumber 24]]FCHS[[tagnumber 25]] close 10.98% in the green in the end of last week, climbing to $0.91 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Despite starting today’s session rather positively and gapping up at $1 we saw [[tagnumber 24]]FCHS[[tagnumber 25]] show signs of hesitation and the ticker is currently sitting only 0.55% in the green. Only time will tell if it will return above the $1 mark and you should be sure to do your due diligence and weigh out the risks before making any trades.[[tagnumber 2]]

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