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

Fitell (NASDAQ:GMEX) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Fitell in a research report on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

Fitell Stock Performance

Shares of NASDAQ GMEX opened at $0.48 on Friday. The company’s 50-day moving average is $2.98. Fitell has a 1 year low of $0.41 and a 1 year high of $9,072.00.

Fitell (NASDAQ:GMEX) last posted its quarterly earnings results on Monday, November 2nd. The company reported ($500.53) earnings per share (EPS) for the quarter. The business had revenue of $1.44 million for the quarter. As a group, equities analysts predict that Fitell will post -18.31 EPS for the current fiscal 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.