Fitell (NASDAQ:FTEL) Trading Up 0.5% – Should You Buy?

Fitell Corporation (NASDAQ:FTEL)’s share price was up 0.5% on Tuesday . The company traded as high as $1.95 and last traded at $1.92. Approximately 1,061,616 shares changed hands during trading, an increase of 1,163% from the average daily volume of 84,072 shares. The stock had previously closed at $1.91.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fitell in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Fitell Trading Up 0.5%

The stock’s 50-day moving average is $1.92 and its 200-day moving average is $11.57.

About Fitell

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. It is also involved in the boutique fitness clubs licensing business.