Fitbit Inc (NYSE:FIT) has been downgraded to Underweight in a statement by Pacific Crest earlier today.
- Updated: October 1, 2016
Boasting a price of $16.60, Fitbit Inc (NYSE:FIT) traded 0.13% higher on the day. With the last stock price close up 1.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Fitbit Inc has recorded a 50-day average of $15.32 and a two hundred day average of $14.66. Volume of trade was down over the average, with 8,003,406 shares of FIT changing hands under the typical 8,698,400
Pacific Crest has downgraded Fitbit Inc (NYSE:FIT) to Underweight in a statement released on 09/29/2016.
On 9/26/2016, Vetr Inc. released a statement for Fitbit Inc (NYSE:FIT) bumped up the target price from $0.00 to $18.63 that suggested an upside of 0.10%.
With a total market value of $0, Fitbit Inc has price-earnings ratio of 31.31 with a one year low of $11.65 and a one year high of $41.97 .
A total of 17 equity analysts have released a ratings update on FIT. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $22.29.
Brief Synopsis About Fitbit Inc (NYSE:FIT)
Fitbit, Inc. is a provider of health and fitness devices. The Company's platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts. It offers various fitness devices, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Blaze, Fitbit Charge HR, Fitbit Surge and Aria. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clippable devices that automatically track users daily steps, calories burned, distance traveled, and active minutes and display real-time feedback. Its trackers also measure sleep duration and quality, and its products track heart rate and global positioning system-based information. It also offers a wireless fidelity connected scale that records weight, body fat and body mass index.
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