Fitell (NASDAQ:FTEL) Stock Price Down 4.2% – Should You Sell?

Fitell Co. (NASDAQ:FTEL) shares fell 4.2% during mid-day trading on Monday . The stock traded as low as $26.65 and last traded at $27.44. 8,900 shares were traded during trading, a decline of 97% from the average session volume of 325,075 shares. The stock had previously closed at $28.63.

Fitell Stock Down 5.5 %

The firm has a fifty day simple moving average of $24.01 and a 200 day simple moving average of $21.03.

Institutional Investors Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd bought a new stake in shares of Fitell Co. (NASDAQ:FTEL) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned approximately 0.08% of Fitell as of its most recent filing with the SEC. 0.10% of the stock is owned by institutional investors.

Fitell Company Profile

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.