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June 9, 2022, 10:06 a.m. EDT

Nautilus recalls 7,300 treadmills for self-starting hazard

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By Tomi Kilgore

Nautilus Inc. /zigman2/quotes/206873003/composite NLS -4.22% is recalling about 7,300 treadmills, as they can start on their own, posing a fall hazard. Shares of the exercise equipment maker fell 1.3% in morning trading. The T616 and T618 treadmills being recalled was made in China and sold at Best Buy Co. Inc. /zigman2/quotes/205918291/composite BBY -3.20% , Walmart Inc. /zigman2/quotes/207374728/composite WMT +0.34% and other stores, and sold online on Nautilus' and Amazon.com Inc.'s /zigman2/quotes/210331248/composite AMZN -2.15% websites, from April 2021 through November 2021. Nautilus said on the U.S. Consumer Product Safety Commission's website that the T616 models were sold for about $1,150 and the T618s were sold for about $1,500. The treadmills were being recalled after Nautilus received 21 reports that the treadmills self started, but no injuries were reported. Nautilus stock has plunged 61.5% year to date, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.71% has lost 13.7%.

/zigman2/quotes/206873003/composite
US : U.S.: NYSE
$ 2.48
-0.11 -4.22%
Volume: 213,582
Aug. 17, 2022 1:33p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$81.50 million
Rev. per Employee
$882,453
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/zigman2/quotes/205918291/composite
US : U.S.: NYSE
$ 82.23
-2.72 -3.20%
Volume: 1.45M
Aug. 17, 2022 1:33p
P/E Ratio
9.13
Dividend Yield
4.28%
Market Cap
$19.13 billion
Rev. per Employee
$483,533
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/zigman2/quotes/207374728/composite
US : U.S.: NYSE
$ 139.84
+0.47 +0.34%
Volume: 9.52M
Aug. 17, 2022 1:33p
P/E Ratio
27.92
Dividend Yield
1.60%
Market Cap
$382.03 billion
Rev. per Employee
$255,576
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/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 141.67
-3.12 -2.15%
Volume: 29.25M
Aug. 17, 2022 1:33p
P/E Ratio
126.46
Dividend Yield
N/A
Market Cap
$1474.95 billion
Rev. per Employee
$302,178
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/zigman2/quotes/210599714/realtime
US : S&P US
4,274.82
-30.38 -0.71%
Volume: 2.22B
Aug. 17, 2022 1:33p
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