Fitell (NASDAQ:FTEL) Shares Gap Up – Still a Buy?

Fitell Co. (NASDAQ:FTELGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $25.99, but opened at $26.88. Fitell shares last traded at $26.90, with a volume of 22,161 shares traded.

Fitell Stock Performance

The firm’s 50 day moving average is $23.34 and its 200 day moving average is $20.68.

Institutional Investors Weigh In On Fitell

An institutional investor recently bought a new position in Fitell stock. XTX Topco Ltd bought a new position in shares of Fitell Co. (NASDAQ:FTELFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 hedge funds and other institutional investors.

About Fitell

(Get Free Report)

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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