Fusion Telecommunications International (FSNN) Sets New 1-Year Low at $2.10

Fusion Telecommunications International, Inc. (NASDAQ:FSNN) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $2.10 and last traded at $2.22, with a volume of 3384 shares changing hands. The stock had previously closed at $2.31.

A number of research firms have recently commented on FSNN. BidaskClub downgraded Fusion Telecommunications International from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. Zacks Investment Research downgraded Fusion Telecommunications International from a “hold” rating to a “sell” rating in a report on Monday, August 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $6.50.

The firm has a market cap of $167.51 million, a P/E ratio of -1.96 and a beta of 1.44. The company has a debt-to-equity ratio of 2.40, a current ratio of 0.50 and a quick ratio of 0.49.

Fusion Telecommunications International (NASDAQ:FSNN) last released its quarterly earnings data on Tuesday, November 13th. The Wireless communications provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.14). Fusion Telecommunications International had a negative net margin of 13.27% and a negative return on equity of 147.98%. The business had revenue of $143.43 million during the quarter, compared to analysts’ expectations of $134.85 million. Analysts expect that Fusion Telecommunications International, Inc. will post -0.61 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased 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 valued at $181,000 after acquiring an additional 17,046 shares during the last quarter. Northern Trust Corp grew its stake in Fusion Telecommunications International by 83.9% during the 1st quarter. Northern Trust Corp now owns 76,446 shares of the Wireless communications provider’s stock worth $247,000 after buying an additional 34,880 shares during the last quarter. KEMPER Corp purchased a new position in Fusion Telecommunications International during the 2nd quarter worth approximately $357,000. Dimensional Fund Advisors LP grew its stake in Fusion Telecommunications International by 673.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 108,195 shares of the Wireless communications provider’s stock worth $349,000 after buying an additional 94,204 shares during the last quarter. Finally, Emancipation Management LLC grew its stake in Fusion Telecommunications International by 182.4% during the 3rd quarter. Emancipation Management LLC now owns 191,297 shares of the Wireless communications provider’s stock worth $492,000 after buying an additional 123,565 shares during the last quarter. Institutional investors and hedge funds own 15.76% of the company’s stock.

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About Fusion Telecommunications International (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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