Fusion Telecommunications Int'l, Inc. (FSNN) Director Acquires $25,001.60 in Stock

Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) Director Marvin S. Rosen purchased 7,813 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was bought at an average price of $3.20 per share, for a total transaction of $25,001.60. Following the purchase, the director now directly owns 1,633,452 shares in the company, valued at $5,227,046.40. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Fusion Telecommunications Int'l, Inc. (FSNN) traded up $0.12 during trading on Friday, hitting $2.94. The company had a trading volume of 253,549 shares, compared to its average volume of 384,152. The company has a debt-to-equity ratio of 165.01, a current ratio of 0.56 and a quick ratio of 0.56. The stock has a market cap of $69.06, a P/E ratio of -3.59 and a beta of 1.55. Fusion Telecommunications Int'l, Inc. has a 52 week low of $1.11 and a 52 week high of $4.42.

Fusion Telecommunications Int'l (NASDAQ:FSNN) last posted its quarterly earnings results on Monday, November 13th. The Wireless communications provider reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.06). The company had revenue of $36.36 million during the quarter, compared to analysts’ expectations of $35.50 million. Fusion Telecommunications Int'l had a negative return on equity of 276.63% and a negative net margin of 10.36%. research analysts predict that Fusion Telecommunications Int'l, Inc. will post -0.68 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the stock. Sii Investments Inc. WI purchased a new stake in shares of Fusion Telecommunications Int'l in the 3rd quarter worth approximately $112,000. FNY Partners Fund LP purchased a new stake in Fusion Telecommunications Int'l during the 3rd quarter valued at $135,000. JPMorgan Chase & Co. purchased a new stake in Fusion Telecommunications Int'l during the 3rd quarter valued at $162,000. Engineers Gate Manager LP purchased a new stake in Fusion Telecommunications Int'l during the 3rd quarter valued at $189,000. Finally, Kirr Marbach & Co. LLC IN purchased a new stake in Fusion Telecommunications Int'l during the 4th quarter valued at $360,000. Institutional investors own 22.98% of the company’s stock.

Several research firms recently weighed in on FSNN. Zacks Investment Research upgraded Fusion Telecommunications Int'l from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 16th. B. Riley upped their price target on Fusion Telecommunications Int'l from $3.00 to $6.50 and gave the stock a “buy” rating in a research note on Thursday, January 11th. Finally, ValuEngine downgraded Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research note on Friday, December 1st.

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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.

Insider Buying and Selling by Quarter for Fusion Telecommunications Int'l (NASDAQ:FSNN)

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