Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) hit a new 52-week low during trading on Tuesday . The company traded as low as $2.10 and last traded at $2.22, with a volume of 3384 shares trading hands. The stock had previously closed at $2.31.

A number of analysts have commented on FSNN shares. BidaskClub lowered shares of Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. Zacks Investment Research lowered shares of Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research note on Monday, August 27th. Two analysts have rated the stock with a sell rating, one has given 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.

The company has a market cap of $198.71 million, a P/E ratio of -2.04 and a beta of 1.44. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.49 and a current ratio of 0.50.

Fusion Telecommunications International (NASDAQ:FSNN) last announced its quarterly earnings results on Tuesday, November 13th. The Wireless communications provider reported ($0.23) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.14). Fusion Telecommunications International had a negative net margin of 13.27% and a negative return on equity of 147.98%. The business had revenue of $143.43 million for the quarter, compared to the consensus estimate of $134.85 million. Equities analysts forecast that Fusion Telecommunications International, Inc. will post -0.61 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of FSNN. BlackRock Inc. grew its stake in shares of Fusion Telecommunications International by 43.6% in the 1st quarter. BlackRock Inc. now owns 56,098 shares of the Wireless communications provider’s stock worth $181,000 after acquiring an additional 17,046 shares in the last quarter. Northern Trust Corp grew its stake in shares of Fusion Telecommunications International by 83.9% in the 1st quarter. Northern Trust Corp now owns 76,446 shares of the Wireless communications provider’s stock worth $247,000 after acquiring an additional 34,880 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Fusion Telecommunications International by 673.3% in 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 bought a new stake in shares of Fusion Telecommunications International in the 2nd quarter worth $357,000. Finally, Emancipation Management LLC grew its stake in shares of Fusion Telecommunications International by 182.4% in the 3rd quarter. Emancipation Management LLC now owns 191,297 shares of the Wireless communications provider’s stock worth $492,000 after acquiring an additional 123,565 shares in the last quarter. Hedge funds and other institutional investors own 15.76% of the company’s stock.

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About Fusion Telecommunications International (NASDAQ:FSNN)

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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