Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) rose 3.6% during trading on Tuesday . The company traded as high as $2.75 and last traded at $2.42. Approximately 296,700 shares changed hands during trading, an increase of 38% from the average daily volume of 215,110 shares. The stock had previously closed at $2.51.

FSNN has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price objective on the stock in a report on Monday, September 4th. ValuEngine raised shares of Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a report on Monday, August 28th. Craig Hallum reissued a “buy” rating and set a $5.00 price objective (up previously from $3.00) on shares of Fusion Telecommunications International in a report on Wednesday, August 30th. Finally, B. Riley reissued a “buy” rating and set a $3.00 price objective on shares of Fusion Telecommunications International in a report on Tuesday, November 7th.

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 21.55.

Fusion Telecommunications International (NASDAQ:FSNN) last announced its earnings results on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $38.09 million during the quarter, compared to analysts’ expectations of $32.47 million. Fusion Telecommunications International had a negative net margin of 10.47% and a negative return on equity of 202.95%. research analysts anticipate that Fusion Telecommunications International, Inc. will post -0.59 EPS for the current year.

In other Fusion Telecommunications International news, major shareholder Asa Apptix sold 699,755 shares of Fusion Telecommunications International stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $2.75, for a total transaction of $1,924,326.25. Following the completion of the transaction, the insider now owns 2,510,012 shares in the company, valued at $6,902,533. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Unterberg Capital Llc sold 745,000 shares of Fusion Telecommunications International stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $2.12, for a total transaction of $1,579,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,204,017 shares of company stock valued at $8,786,629. 19.10% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Financial Inc. acquired a new position in Fusion Telecommunications International during the second quarter worth about $145,000. Engineers Gate Manager LP acquired a new position in Fusion Telecommunications International during the third quarter worth about $189,000. Sii Investments Inc. WI acquired a new position in Fusion Telecommunications International during the third quarter worth about $112,000. JPMorgan Chase & Co. acquired a new position in shares of Fusion Telecommunications International in the third quarter valued at approximately $162,000. Finally, FNY Partners Fund LP acquired a new position in shares of Fusion Telecommunications International in the third quarter valued at approximately $135,000. Institutional investors own 22.09% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Fusion Telecommunications International, Inc. (FSNN) Stock Price Up -3.6%” was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of U.S. & international copyright & trademark law. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/fusion-telecommunications-international-inc-fsnn-stock-price-up-3-6/1703373.html.

About Fusion Telecommunications International

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.

Receive News & Ratings for Fusion Telecommunications International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fusion Telecommunications International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.