Fusion Telecommunications International (FSNN) Reaches New 52-Week Low at $2.36

Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $2.36 and last traded at $2.38, with a volume of 53922 shares traded. The stock had previously closed at $2.49.

A number of brokerages have issued reports on FSNN. BidaskClub lowered Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. Zacks Investment Research lowered Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Finally, Dawson James began coverage on Fusion Telecommunications International in a research note on Tuesday, July 10th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $6.50.

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of -4.91. The company has a market capitalization of $197.73 million, a PE ratio of -2.18 and a beta of 1.57.

Fusion Telecommunications International (NASDAQ:FSNN) last issued its quarterly earnings results on Tuesday, August 14th. The Wireless communications provider reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.15). Fusion Telecommunications International had a negative return on equity of 147.98% and a negative net margin of 13.39%. The business had revenue of $120.80 million during the quarter, compared to analyst estimates of $123.57 million. As a group, research analysts anticipate that Fusion Telecommunications International, Inc. will post -0.51 EPS for the current year.

In other Fusion Telecommunications International news, insider Jonathan Kaufman sold 86,440 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $4.00, for a total value of $345,760.00. Following the sale, the insider now directly owns 26,061 shares of the company’s stock, valued at approximately $104,244. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 19.10% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. KEMPER Corp purchased a new position in shares of Fusion Telecommunications International in the 2nd quarter worth about $357,000. Russell Investments Group Ltd. purchased a new position in shares of Fusion Telecommunications International in the 2nd quarter worth about $2,809,000. Northern Trust Corp raised its holdings in shares of Fusion Telecommunications International by 83.9% in the 1st quarter. Northern Trust Corp now owns 76,446 shares of the Wireless communications provider’s stock worth $247,000 after purchasing an additional 34,880 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Fusion Telecommunications International by 673.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 108,195 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 94,204 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Fusion Telecommunications International by 43.6% in the 1st quarter. BlackRock Inc. now owns 56,098 shares of the Wireless communications provider’s stock worth $181,000 after purchasing an additional 17,046 shares during the period. Institutional investors own 16.33% of the company’s stock.

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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