BidaskClub downgraded shares of Fusion Telecommunications International (NASDAQ:FSNN) from a sell rating to a strong sell rating in a report published on Thursday, September 20th.

Several other research firms also recently issued reports on FSNN. Dawson James initiated coverage on Fusion Telecommunications International in a report on Tuesday, July 10th. They issued a buy rating on the stock. Zacks Investment Research downgraded Fusion Telecommunications International from a hold rating to a sell rating in a report on Monday, August 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Fusion Telecommunications International currently has an average rating of Hold and an average target price of $6.50.

Shares of NASDAQ:FSNN traded down $0.02 during trading on Thursday, reaching $2.49. The stock had a trading volume of 86,806 shares, compared to its average volume of 224,150. Fusion Telecommunications International has a 1-year low of $2.42 and a 1-year high of $6.63. The firm has a market capitalization of $201.65 million, a PE ratio of -2.28 and a beta of 1.58. The company has a debt-to-equity ratio of -4.91, a current ratio of 0.49 and a quick ratio of 0.49.

Fusion Telecommunications International (NASDAQ:FSNN) last announced its quarterly earnings data on Tuesday, August 14th. The Wireless communications provider reported ($0.34) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.15). Fusion Telecommunications International had a negative return on equity of 147.98% and a negative net margin of 13.39%. The company had revenue of $120.80 million for the quarter, compared to analysts’ expectations of $123.57 million. As a group, analysts expect that Fusion Telecommunications International will post -0.51 earnings per share for the current year.

In related news, insider Jonathan Kaufman sold 86,440 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $4.00, for a total transaction of $345,760.00. Following the completion of the transaction, the insider now directly owns 26,061 shares of the company’s stock, valued at approximately $104,244. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 19.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FSNN. Russell Investments Group Ltd. acquired a new position in Fusion Telecommunications International during the 2nd quarter worth $2,809,000. Northern Trust Corp boosted its position in shares of Fusion Telecommunications International by 212.6% during the 2nd quarter. Northern Trust Corp now owns 238,984 shares of the Wireless communications provider’s stock worth $942,000 after acquiring an additional 162,538 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Fusion Telecommunications International by 673.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 108,195 shares of the Wireless communications provider’s stock worth $349,000 after acquiring an additional 94,204 shares in the last quarter. KEMPER Corp acquired a new position in shares of Fusion Telecommunications International during the 2nd quarter worth about $357,000. Finally, Amtrust Financial Services Inc. acquired a new position in shares of Fusion Telecommunications International during the 1st quarter worth about $103,000. 16.33% of the stock is owned by hedge funds and other institutional investors.

Fusion Telecommunications International Company Profile

Fusion Connect, Inc provides integrated cloud solutions to small, medium, and large businesses. Its proprietary service platform enables the integration of solutions in the cloud, including cloud voice and unified communications, contact center, cloud connectivity, and cloud computing, as well as additional cloud services, such as storage and security.

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