Fusion Telecommunications Int'l (FSNN) Stock Price Up 11.2% After Analyst Upgrade

Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN)’s share price rose 11.2% during mid-day trading on Friday 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. Fusion Telecommunications Int'l traded as high as $4.42 and last traded at $3.96. Approximately 872,700 shares traded hands during trading, an increase of 470% from the average daily volume of 153,163 shares. The stock had previously closed at $3.56.

Other equities research analysts have also recently issued reports about the company. Zacks Investment Research cut Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. ValuEngine cut Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a report on Friday, December 1st.

Several hedge funds have recently modified their holdings of the business. Sii Investments Inc. WI purchased a new stake in shares of Fusion Telecommunications Int'l in the 3rd quarter worth $112,000. FNY Partners Fund LP purchased a new stake in shares of Fusion Telecommunications Int'l in the 3rd quarter worth $135,000. JPMorgan Chase & Co. purchased a new stake in shares of Fusion Telecommunications Int'l in the 3rd quarter worth $162,000. Engineers Gate Manager LP purchased a new stake in shares of Fusion Telecommunications Int'l in the 3rd quarter worth $189,000. Finally, B. Riley Financial Inc. purchased a new stake in shares of Fusion Telecommunications Int'l during the 2nd quarter worth $145,000. Institutional investors and hedge funds own 23.00% of the company’s stock.

The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 165.01. The firm has a market capitalization of $88.58, a P/E ratio of -4.96 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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