Fitell Corporation (FTEL) to Issue Dividend of $0.10 on January 13th

Fitell Corporation (NASDAQ:FTEL) announced a dividend on Tuesday, December 2nd. Investors of record on Tuesday, December 30th will be paid a dividend of 0.10 per share on Tuesday, January 13th. The ex-dividend date is Monday, December 29th.

Fitell Stock Down 20.7%

FTEL stock opened at $0.94 on Thursday. The company has a 50-day simple moving average of $2.97 and a 200 day simple moving average of $6.66. Fitell has a fifty-two week low of $0.62 and a fifty-two week high of $792.00.

Fitell (NASDAQ:FTEL) last released its earnings results on Friday, November 14th. The company reported $41,943.04 EPS for the quarter. The company had revenue of $1.28 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Fitell stock. XTX Topco Ltd acquired a new stake in shares of Fitell Corporation (NASDAQ:FTEL) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 63,759 shares of the company’s stock, valued at approximately $36,000. XTX Topco Ltd owned about 0.30% of Fitell as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.10% of the company’s stock.

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.