Fusion Telecommunications International, Inc. (NASDAQ:FSNN) major shareholder Asa Apptix sold 187,914 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $3.00, for a total value of $563,742.00. Following the completion of the sale, the insider now directly owns 2,510,012 shares of the company’s stock, valued at approximately $7,530,036. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Asa Apptix also recently made the following trade(s):

  • On Tuesday, September 19th, Asa Apptix sold 176,000 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $2.89, for a total value of $508,640.00.
  • On Wednesday, September 20th, Asa Apptix sold 699,755 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $2.75, for a total value of $1,924,326.25.

Shares of Fusion Telecommunications International, Inc. (FSNN) opened at 2.42 on Friday. The firm’s market cap is $54.46 million. Fusion Telecommunications International, Inc. has a 1-year low of $0.96 and a 1-year high of $3.57. The company’s 50-day moving average price is $1.99 and its 200 day moving average price is $1.63.

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

COPYRIGHT VIOLATION NOTICE: “Asa Apptix Sells 187,914 Shares of Fusion Telecommunications International, Inc. (FSNN) Stock” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/09/22/asa-apptix-sells-187914-shares-of-fusion-telecommunications-international-inc-fsnn-stock.html.

A hedge fund recently bought a new stake in Fusion Telecommunications International stock. B. Riley Financial Inc. purchased a new stake in shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 100,000 shares of the Wireless communications provider’s stock, valued at approximately $145,000. B. Riley Financial Inc. owned 0.45% of Fusion Telecommunications International at the end of the most recent reporting period. 20.81% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on FSNN. B. Riley reissued a “buy” rating and issued a $3.00 price target on shares of Fusion Telecommunications International in a research note on Sunday, August 20th. Zacks Investment Research raised Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $1.50 price target for the company in a research note on Tuesday, June 27th. Craig Hallum reissued a “buy” rating and issued a $5.00 price target (up previously from $3.00) on shares of Fusion Telecommunications International in a research note on Wednesday, August 30th. Finally, ValuEngine raised Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research note on Monday, August 28th.

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.

Insider Buying and Selling by Quarter for Fusion Telecommunications International (NASDAQ:FSNN)

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 MarketBeat.com's FREE daily email newsletter.