Fitell (NASDAQ:GMEX) Shares Scheduled to Reverse Split on Monday, September 28th

by · The Markets Daily

Fitell Corp (NASDAQ:GMEX – Free Report)’s stock is going to reverse split on Monday, September 28th. The 1-9 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, September 27th.

Fitell Price Performance

Shares of GMEX stock traded down $0.04 on Thursday, hitting $0.39. The stock had a trading volume of 604,112 shares, compared to its average volume of 4,150,466. The company has a current ratio of 4.88, a quick ratio of 3.98 and a debt-to-equity ratio of 3.78. The firm has a 50 day moving average of $1.00. Fitell has a 1 year low of $0.36 and a 1 year high of $3,507.84.

Wall Street Analyst Weigh In

Several analysts 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 cut Fitell from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 25th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Get Our Latest Report on Fitell

Fitell Company Profile

(Get Free Report)

Fitell Limited is an Australia-based fitness and wellness company that sells exercise equipment, accessories and related products through online and retail channels. Its product range includes strength-training equipment, free weights, benches, racks, gym accessories and selected cardiovascular products for home users, gyms and other fitness facilities.

The company serves customers primarily in Australia and has developed an e-commerce-led business model supported by product sourcing, fulfillment and retail operations.

See Also