Fusion Telecommunications Int'l (FSNN) Cut to “Sell” at ValuEngine

ValuEngine downgraded shares of Fusion Telecommunications Int'l (NASDAQ:FSNN) from a hold rating to a sell rating in a research report report published on Friday.

A number of other analysts have also recently issued reports on FSNN. B. Riley reissued a buy rating and set a $3.00 price objective on shares of Fusion Telecommunications Int'l in a research report on Thursday, August 10th. Craig Hallum reissued a buy rating and set a $5.00 price objective (up previously from $3.00) on shares of Fusion Telecommunications Int'l in a research report on Wednesday, August 30th. Finally, Zacks Investment Research raised Fusion Telecommunications Int'l from a hold rating to a buy rating and set a $3.50 price objective for the company in a research report on Monday, September 4th.

Fusion Telecommunications Int'l (NASDAQ FSNN) traded up $0.03 on Friday, reaching $3.76. The company had a trading volume of 190,000 shares, compared to its average volume of 223,403. Fusion Telecommunications Int'l has a 52-week low of $1.11 and a 52-week high of $3.80. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 165.01.

In other Fusion Telecommunications Int'l news, major shareholder Asa Apptix sold 699,755 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $2.75, for a total transaction of $1,924,326.25. Following the transaction, the insider now directly owns 2,510,012 shares in the company, valued at $6,902,533. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Unterberg Capital Llc sold 258,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $2.85, for a total value of $735,300.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,408,869 shares of company stock valued at $3,984,016. Insiders own 19.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sii Investments Inc. WI bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $112,000. FNY Partners Fund LP bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $135,000. JPMorgan Chase & Co. bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $162,000. Engineers Gate Manager LP bought a new position in shares of Fusion Telecommunications Int'l in the third quarter worth about $189,000. Finally, B. Riley Financial Inc. bought a new position in shares of Fusion Telecommunications Int'l in the second quarter worth about $145,000. Institutional investors own 23.11% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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