Fitell (NASDAQ:FTEL) Upgraded at Wall Street Zen

Fitell (NASDAQ:FTEL) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fitell in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Fitell Trading Down 0.4%

Fitell stock opened at $0.65 on Friday. Fitell has a 52 week low of $0.62 and a 52 week high of $792.00. The stock has a 50 day moving average of $4.06 and a 200-day moving average of $7.08.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fitell stock. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Fitell Corporation (NASDAQ:FTEL) by 114.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,500 shares of the company’s stock after buying an additional 35,966 shares during the period. Vanguard Personalized Indexing Management LLC owned 0.32% of Fitell worth $34,000 at the end of the most recent reporting period. 0.10% of the stock is currently owned by hedge funds and other institutional investors.

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.