Fusion Telecommunications International, Inc. (NASDAQ:FSNN) fell 6.9% during mid-day trading on Monday . The company traded as low as $0.26 and last traded at $0.27. 1,359,360 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 1,028,649 shares. The stock had previously closed at $0.29.

A number of research firms have recently issued reports on FSNN. Zacks Investment Research raised shares of Fusion Telecommunications International from a “sell” rating to a “hold” rating in a research note on Tuesday, January 15th. ValuEngine raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating in a research note on Monday, April 1st. Finally, B. Riley reissued a “neutral” rating and issued a $0.75 price target (down from $9.75) on shares of Fusion Telecommunications International in a research note on Wednesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $0.75.

The firm has a market cap of $21.35 million, a price-to-earnings ratio of -0.25 and a beta of 1.84.

Several hedge funds have recently made changes to their positions in FSNN. Vanguard Group Inc grew its holdings in shares of Fusion Telecommunications International by 1.3% in the third quarter. Vanguard Group Inc now owns 1,612,030 shares of the Wireless communications provider’s stock valued at $4,143,000 after purchasing an additional 20,188 shares in the last quarter. Virtu Financial LLC grew its holdings in shares of Fusion Telecommunications International by 106.4% in the fourth quarter. Virtu Financial LLC now owns 28,214 shares of the Wireless communications provider’s stock valued at $47,000 after purchasing an additional 14,545 shares in the last quarter. NJ State Employees Deferred Compensation Plan grew its holdings in shares of Fusion Telecommunications International by 66.7% in the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 50,000 shares of the Wireless communications provider’s stock valued at $84,000 after purchasing an additional 20,000 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Fusion Telecommunications International by 47.0% in the fourth quarter. Rhumbline Advisers now owns 27,040 shares of the Wireless communications provider’s stock valued at $45,000 after purchasing an additional 8,650 shares in the last quarter. Finally, High Pointe Capital Management LLC acquired a new position in shares of Fusion Telecommunications International in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 14.34% of the company’s stock.

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Fusion Telecommunications International Company Profile (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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