Fitell (NASDAQ:FTEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Fitell (NASDAQ:FTEL) from a sell rating to a hold rating in a research report report published on Sunday morning.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Fitell in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Fitell Trading Up 2.4%

Shares of Fitell stock opened at $0.73 on Friday. The firm has a fifty day moving average of $3.76 and a two-hundred day moving average of $6.96. Fitell has a 52 week low of $0.62 and a 52 week high of $792.00.

Institutional Trading of Fitell

An institutional investor recently raised its position in Fitell stock. Vanguard Personalized Indexing Management LLC increased its holdings 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 firm owned 67,500 shares of the company’s stock after buying an additional 35,966 shares during the quarter. Vanguard Personalized Indexing Management LLC owned 0.32% of Fitell worth $34,000 as of its most recent SEC filing. 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.