Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) posted its quarterly earnings results on Monday. The company reported ($0.26) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.31) by $0.05. Fusion Telecommunications Int'l had a negative return on equity of 111.09% and a negative net margin of 5.63%.
Fusion Telecommunications Int'l (NASDAQ:FSNN) opened at 1.64 on Tuesday. The company’s market capitalization is $29.62 million. Fusion Telecommunications Int'l has a 12-month low of $0.96 and a 12-month high of $2.46. The stock has a 50 day moving average price of $1.51 and a 200-day moving average price of $1.49.
Separately, Craig Hallum assumed coverage on Fusion Telecommunications Int'l in a report on Wednesday, January 4th. They issued a “buy” rating and a $3.00 price target for the company.
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A hedge fund recently raised its stake in Fusion Telecommunications Int'l stock. Spears Abacus Advisors LLC boosted its position in Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) by 763.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 200,000 shares of the company’s stock after buying an additional 176,834 shares during the period. Spears Abacus Advisors LLC owned about 1.33% of Fusion Telecommunications Int'l worth $330,000 at the end of the most recent quarter. 20.57% of the stock is currently owned by institutional investors and hedge funds.
About Fusion Telecommunications Int'l
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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