Fitell (NASDAQ:GMEX) Raised 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 reaffirmed a “sell (d-)” rating on shares of Fitell in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Fitell Trading Up 7.4%

Shares of GMEX opened at $0.48 on Friday. Fitell has a 12 month low of $0.41 and a 12 month high of $9,072.00. The stock’s 50 day simple moving average is $2.98.

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

Fitell Company Profile

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.