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Fitell Corporation’s Shareholder Resolutions Passed at Extraordinary Meeting

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Fitell Corporation’s Shareholder Resolutions Passed at Extraordinary Meeting

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Fitell Corporation ( (FTEL) ) just unveiled an update.

Fitell Corporation, a Cayman Islands company, held an extraordinary general meeting on December 12, 2025, in Guangzhou, China, where shareholders voted on resolutions with a quorum present. All proposed resolutions were passed, granting the board authority to set a Share Consolidation ratio and amend the company’s memorandum accordingly within a year.

Spark’s Take on FTEL Stock

According to Spark, TipRanks’ AI Analyst, FTEL is a Neutral.

Fitell Corporation’s stock is currently rated low due to significant financial performance challenges, including declining revenues and profitability, negative returns, and cash flow issues. Technical analysis indicates a strong bearish trend with oversold conditions, while valuation metrics show a negative P/E ratio, suggesting poor earnings potential. These factors contribute to an overall unfavorable investment outlook.

To see Spark’s full report on FTEL stock, click here.

More about Fitell Corporation

Average Trading Volume: 4,819,734

Technical Sentiment Signal: Sell

Current Market Cap: $3.88M

For an in-depth examination of FTEL stock, go to TipRanks’ Overview page.

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