Fusion Telecommunications Int'l (FSNN) Trading 11.2% Higher on Analyst Upgrade

Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN)’s share price traded up 11.2% on Friday 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. Fusion Telecommunications Int'l traded as high as $4.42 and last traded at $3.96. 872,700 shares were traded during trading, an increase of 470% from the average session volume of 153,163 shares. The stock had previously closed at $3.56.

Several other research firms also recently weighed in on FSNN. 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.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sii Investments Inc. WI purchased a new position in Fusion Telecommunications Int'l during the 3rd quarter valued at $112,000. FNY Partners Fund LP purchased a new position in Fusion Telecommunications Int'l during the 3rd quarter valued at $135,000. JPMorgan Chase & Co. purchased a new position in Fusion Telecommunications Int'l during the 3rd quarter valued at $162,000. Engineers Gate Manager LP purchased a new position in Fusion Telecommunications Int'l during the 3rd quarter valued at $189,000. Finally, B. Riley Financial Inc. purchased a new position in Fusion Telecommunications Int'l during the 2nd quarter valued at $145,000. Institutional investors own 23.00% of the company’s stock.

The company has a debt-to-equity ratio of 165.01, a quick ratio of 0.56 and a current ratio of 0.56. The firm has a market capitalization of $88.58, a price-to-earnings ratio of -4.96 and a beta of 2.03.

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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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