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

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

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

Fitell Stock Performance

GMEX opened at $1.80 on Friday. Fitell has a 1-year low of $1.32 and a 1-year high of $7,958.21. The company has a quick ratio of 3.98, a current ratio of 4.88 and a debt-to-equity ratio of 3.78. The company has a 50-day moving average of $6.85.

Fitell (NASDAQ:GMEX) last announced its earnings results on Friday, April 17th. The company reported ($535.18) earnings per share (EPS) for the quarter. The firm 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.