Pacific Crest downgraded Fitbit Inc (NYSE:FIT) to Sell in a statement released earlier today.
- Updated: October 9, 2016
Having a price of $14.72, Fitbit Inc (NYSE:FIT) traded -3.90% lower on the day. With the last close up -4.30% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Fitbit Inc has recorded a 50-day average of $15.25 and a two hundred day average of $14.67. Volume of trade was up over the average, with 10,246,128 shares of FIT changing hands over the typical 8,644,080
Pacific Crest has downgraded Fitbit Inc (NYSE:FIT) to Sell in a statement released on 10/05/2016.
With a total market value of $0, Fitbit Inc has price-earnings ratio of 29.62 with a one year low of $11.65 and a one year high of $41.97 .
A total of 17 analysts have released a research note on Fitbit Inc. zero analysts rating the company a strong buy, zero analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $22.29.
More 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.