Fitell (NASDAQ:FTEL) Earns “Sell (D-)” Rating from Weiss Ratings

Fitell (NASDAQ:FTEL)‘s stock had its “sell (d-)” rating reissued by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Fitell Price Performance

Shares of NASDAQ:FTEL opened at $5.89 on Wednesday. Fitell has a 1-year low of $4.61 and a 1-year high of $792.00. The business’s 50 day moving average is $7.35 and its 200-day moving average is $8.72.

Institutional Trading of Fitell

An institutional investor recently raised its position in Fitell stock. Vanguard Personalized Indexing Management LLC lifted its position in shares of Fitell Corporation (NASDAQ:FTEL) by 114.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,500 shares of the company’s stock after purchasing an additional 35,966 shares during the quarter. Vanguard Personalized Indexing Management LLC owned approximately 0.32% of Fitell worth $34,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 0.10% of the company’s stock.

Fitell Company Profile

Fitell Corporation, together with its subsidiaries, operates as an online retailer of gym and fitness equipment for personal training studios and commercial gyms chains in Australia and Southeast Asia. The company sells fitness equipment, including home gym and commercial strength-training equipment; and cardio equipment, such as rowing machines, exercise bikes, treadmills, and other related products under the Muscle Motion, Rapid Motion, and FleetX brand names.