Fusion Telecommunications Int'l (FSNN) Sees Large Volume Increase on Analyst Upgrade

Shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) saw an uptick in 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. 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 also recently issued reports on the company. ValuEngine downgraded Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th.

Several large investors have recently modified their holdings of FSNN. Russell Investments Group Ltd. acquired a new stake in shares of Fusion Telecommunications Int'l in the third quarter valued at about $1,041,000. EAM Investors LLC acquired a new stake in shares of Fusion Telecommunications Int'l in the third quarter valued at about $575,000. B. Riley Financial Inc. acquired a new stake in shares of Fusion Telecommunications Int'l in the second quarter valued at about $145,000. Engineers Gate Manager LP acquired a new stake in shares of Fusion Telecommunications Int'l in the third quarter valued at about $189,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Fusion Telecommunications Int'l in the third quarter valued at about $162,000. 23.00% of the stock is currently owned by institutional investors.

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

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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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