Fusion Telecommunications International, Inc. (NASDAQ:FSNN) was down 6.9% on Monday . The stock traded as low as $0.26 and last traded at $0.27. Approximately 1,359,360 shares were traded during trading, an increase of 32% from the average daily volume of 1,028,649 shares. The stock had previously closed at $0.29.
Several analysts have weighed in on the company. Zacks Investment Research raised Fusion Telecommunications International from a “sell” rating to a “hold” rating in a report on Tuesday, January 15th. ValuEngine raised Fusion Telecommunications International from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Finally, B. Riley reaffirmed a “neutral” rating and set a $0.75 target price (down previously from $9.75) on shares of Fusion Telecommunications International in a research note on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Fusion Telecommunications International currently has a consensus rating of “Hold” and an average price target of $0.75.
The company has a market cap of $21.54 million, a price-to-earnings ratio of -0.22 and a beta of 1.84.
Several hedge funds have recently added to or reduced their stakes in FSNN. Vanguard Group Inc lifted its holdings in Fusion Telecommunications International by 1.3% in the third quarter. Vanguard Group Inc now owns 1,612,030 shares of the Wireless communications provider’s stock valued at $4,143,000 after buying an additional 20,188 shares during the period. Virtu Financial LLC grew its stake in Fusion Telecommunications International by 106.4% during the 4th quarter. Virtu Financial LLC now owns 28,214 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 14,545 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its stake in Fusion Telecommunications International by 66.7% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 50,000 shares of the Wireless communications provider’s stock valued at $84,000 after purchasing an additional 20,000 shares in the last quarter. Rhumbline Advisers grew its stake in Fusion Telecommunications International by 47.0% during the 4th quarter. Rhumbline Advisers now owns 27,040 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 8,650 shares in the last quarter. Finally, High Pointe Capital Management LLC acquired a new stake in Fusion Telecommunications International during the 4th quarter valued at approximately $30,000. Institutional investors own 14.34% of the company’s stock.
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Fusion Telecommunications International Company Profile (NASDAQ:FSNN)
Fusion Connect, Inc provides integrated cloud solutions to small, medium, and large businesses. Its proprietary service platform enables the integration of solutions in the cloud, including cloud voice and unified communications, contact center, cloud connectivity, and cloud computing, as well as additional cloud services, such as storage and security.
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