Fitell (NASDAQ:GMEX) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Fitell (NASDAQ:GMEX) from a sell rating to a strong sell rating in a report issued on Saturday.

Separately, Weiss Ratings started coverage on Fitell in a research report on Monday, April 27th. They set a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Fitell Price Performance

NASDAQ:GMEX opened at $1.47 on Friday. The company has a debt-to-equity ratio of 3.78, a quick ratio of 3.98 and a current ratio of 4.88. Fitell has a one year low of $1.32 and a one year high of $7,958.21. The business’s 50-day simple moving average is $7.18.

Fitell (NASDAQ:GMEX) last announced its earnings results on Friday, April 17th. The company reported ($535.18) earnings per share for the quarter. The business had revenue of $1.37 million for the quarter.

About Fitell

Founded in 2007 and headquartered in New South Wales, Australia, GD Wellness Pty Ltd (“GD”) is a wholly owned subsidiary of Fitell Corporation, a Cayman Islands company (together with its subsidiaries, “Fitell,”). We are an online retailer of gym and fitness equipment both under our proprietary brands and other brand names. Fitell’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology to our customers. GD has served over 100,000 customers with large portions of sales from repeat customers over the years, which we believe to be a testament of our product quality and brand loyalty.