Fitell (NASDAQ:FTEL) Shares Gap Down – Should You Sell?

Shares of Fitell Co. (NASDAQ:FTEL) gapped down before the market opened on Tuesday . The stock had previously closed at $23.85, but opened at $22.69. Fitell shares last traded at $25.22, with a volume of 93,302 shares traded.

Fitell Stock Up 3.9 %

The business’s 50 day moving average price is $23.54 and its two-hundred day moving average price is $20.73.

Institutional Investors Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd acquired a new stake in Fitell Co. (NASDAQ:FTEL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,028 shares of the company’s stock, valued at approximately $274,000. XTX Topco Ltd owned 0.08% of Fitell as of its most recent SEC filing. 0.10% of the stock is owned by hedge funds and other institutional investors.

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.