Fitell (NASDAQ:FTEL) Trading 15.3% Higher – Here’s What Happened

Fitell Corporation (NASDAQ:FTEL) shares rose 15.3% during mid-day trading on Thursday . The stock traded as high as $2.80 and last traded at $2.72. Approximately 257,348 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 274,438 shares. The stock had previously closed at $2.36.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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, According to MarketBeat, the stock has a consensus rating of “Sell”.

Fitell Price Performance

The company has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $7.96.

Institutional Trading of Fitell

A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd acquired a new stake in shares of Fitell Corporation (NASDAQ:FTEL) during the first quarter, according to its most recent filing with the SEC. The fund acquired 63,759 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned 0.30% of Fitell as of its most recent filing with the SEC. 0.10% of the stock is currently owned by institutional investors.

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.