Fitell (NASDAQ:GMEX) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of Fitell (NASDAQ:GMEX) from a strong sell rating to a sell rating in a research note issued to investors on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Fitell in a report on Friday, July 24th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Fitell Stock Performance

Shares of NASDAQ:GMEX opened at $0.48 on Friday. Fitell has a twelve month low of $0.41 and a twelve month high of $9,072.00. The stock has a 50 day simple moving average of $2.98.

Fitell (NASDAQ:GMEX) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($500.53) EPS for the quarter. The business had revenue of $1.44 million for the quarter. On average, analysts forecast that Fitell will post -18.31 earnings per share for the current year.

About Fitell

Fitell Corporation is an Australia-based fitness equipment retailer and distributor. Through its Gym Direct and related operations, the company offers a range of products for home, commercial and institutional fitness environments, including strength-training equipment, cardio machines, free weights, accessories and gym fit-out solutions.

The company serves individual consumers, gyms, personal trainers, sports clubs, schools and other commercial customers through online and business-to-business sales channels.