Fitell (NASDAQ:GMEX) Announces Earnings Results

Fitell (NASDAQ:GMEX) posted its quarterly earnings results on Monday. The company reported ($500.53) EPS for the quarter, reports. The business had revenue of $1.44 million for the quarter.

Fitell Stock Up 3.2%

NASDAQ GMEX traded up $0.03 on Monday, hitting $0.88. 3,905,847 shares of the stock were exchanged, compared to its average volume of 196,228. Fitell has a fifty-two week low of $0.75 and a fifty-two week high of $15,830.64. The firm has a 50-day simple moving average of $3.89.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on GMEX shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Fitell in a report on Friday, July 24th. Wall Street Zen lowered Fitell from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

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.