Fusion Telecommunications Int'l (FSNN) Sees Strong Trading Volume on Analyst Upgrade

Shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) saw unusually-strong trading volume on Thursday after B. Riley raised their price target on the stock from $3.00 to $6.50. B. Riley currently has a buy rating on the stock. Approximately 872,771 shares were traded during trading, an increase of 470% from the previous session’s volume of 153,171 shares.The stock last traded at $3.96 and had previously closed at $3.56.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research note on Thursday, November 16th. ValuEngine lowered Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sii Investments Inc. WI purchased a new stake in shares of Fusion Telecommunications Int'l during the third quarter worth $112,000. FNY Partners Fund LP bought a new position in Fusion Telecommunications Int'l during the third quarter valued at about $135,000. B. Riley Financial Inc. bought a new position in Fusion Telecommunications Int'l during the second quarter valued at about $145,000. JPMorgan Chase & Co. bought a new position in Fusion Telecommunications Int'l during the third quarter valued at about $162,000. Finally, Engineers Gate Manager LP bought a new position in Fusion Telecommunications Int'l during the third quarter valued at about $189,000. Institutional investors own 23.00% of the company’s stock.

The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 165.01. The company has a market cap of $87.23, a price-to-earnings ratio of -4.95 and a beta of 2.03.

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Fusion Telecommunications Int'l Company Profile

Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.

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