Fusion Telecommunications Int'l (FSNN) Sees Unusually-High Trading Volume Following Analyst Upgrade

Shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) saw strong trading volume on Thursday 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. 872,771 shares changed hands during mid-day trading, an increase of 470% from the previous session’s volume of 153,171 shares.The stock last traded at $3.96 and had previously closed at $3.56.

FSNN has been the topic of several other research reports. ValuEngine downgraded shares of Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Fusion Telecommunications Int'l from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th.

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

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

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Fusion Telecommunications Int'l Company Profile

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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