Fitell Co. (NASDAQ:FTEL - Get Free Report) shares dropped 4.7% during trading on Monday . The stock traded as low as $8.91 and last traded at $9.46. Approximately 512,006 shares changed hands during mid-day trading, an increase of 52% from the average daily volume of 336,662 shares. The stock had previously closed at $9.93.
Fitell Stock Performance
The business has a 50 day moving average of $14.70 and a two-hundred day moving average of $18.17.
Institutional Investors Weigh In On Fitell
An institutional investor recently bought a new position in Fitell stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Fitell Co. (NASDAQ:FTEL - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,043 shares of the company's stock, valued at approximately $88,000. 0.10% of the stock is owned by hedge funds and other institutional investors.
Fitell Company Profile
(
Get Free Report)
Fitell Corporation, together with its subsidiaries, operates as an online retailer of gym and fitness equipment for personal training studios and commercial gyms chains in Australia and Southeast Asia. The company sells fitness equipment, including home gym and commercial strength-training equipment; and cardio equipment, such as rowing machines, exercise bikes, treadmills, and other related products under the Muscle Motion, Rapid Motion, and FleetX brand names.
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