Shares of Fitell Co. (NASDAQ:FTEL – Get Free Report) fell 4.2% on Monday . The company traded as low as $26.65 and last traded at $27.44. 8,900 shares traded hands during trading, a decline of 97% from the average session volume of 325,075 shares. The stock had previously closed at $28.63.
Fitell Price Performance
The company has a 50-day simple moving average of $24.01 and a 200-day simple moving average of $21.03.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd acquired a new stake in Fitell Co. (NASDAQ:FTEL – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned about 0.08% of Fitell as of its most recent filing with the SEC. 0.10% of the stock is currently owned by institutional investors and hedge funds.
About Fitell
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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