Russell Investments Group Ltd. Takes $1.04 Million Position in Fusion Telecommunications Int'l, Inc. (FSNN)

Russell Investments Group Ltd. purchased a new stake in shares of Fusion Telecommunications Int'l, Inc. (NASDAQ:FSNN) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 382,510 shares of the Wireless communications provider’s stock, valued at approximately $1,041,000. Russell Investments Group Ltd. owned approximately 1.70% of Fusion Telecommunications Int'l at the end of the most recent reporting period.

Separately, B. Riley Financial Inc. purchased a new stake in shares of Fusion Telecommunications Int'l during the second quarter valued at $145,000. Hedge funds and other institutional investors own 23.00% of the company’s stock.

Fusion Telecommunications Int'l, Inc. (NASDAQ FSNN) opened at $3.97 on Friday. The company has a debt-to-equity ratio of 165.01, a current ratio of 0.56 and a quick ratio of 0.56. Fusion Telecommunications Int'l, Inc. has a 12 month low of $1.11 and a 12 month high of $4.42. The company has a market capitalization of $89.01, a PE ratio of -4.90 and a beta of 2.01.

Several equities research analysts recently commented on the company. ValuEngine cut Fusion Telecommunications Int'l from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Zacks Investment Research cut Fusion Telecommunications Int'l from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, B. Riley reissued a “buy” rating and issued a $3.00 target price on shares of Fusion Telecommunications Int'l in a research report on Tuesday, November 7th.

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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.

Institutional Ownership by Quarter for Fusion Telecommunications Int'l (NASDAQ:FSNN)

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