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

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

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

Fitell Stock Performance

GMEX opened at $1.47 on Friday. Fitell has a 52 week low of $1.32 and a 52 week 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 stock’s fifty day moving average price is $7.18.

Fitell (NASDAQ:GMEX) last posted its quarterly earnings data on Friday, April 17th. The company reported ($535.18) earnings per share (EPS) for the quarter. The company had revenue of $1.37 million during the quarter.

Fitell Company Profile

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.