Fusion Telecommunications International Inc. (NASDAQ:FSNN) CEO Matthew D. Rosen acquired 21,739 shares of Fusion Telecommunications International stock in a transaction dated Wednesday, November 16th. The shares were bought at an average cost of $1.15 per share, with a total value of $24,999.85. Following the completion of the purchase, the chief executive officer now owns 116,443 shares in the company, valued at $133,909.45. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Fusion Telecommunications International Inc. (NASDAQ:FSNN) traded up 13.19% during midday trading on Monday, hitting $1.63. The stock had a trading volume of 59,022 shares. The stock’s 50-day moving average is $1.33 and its 200-day moving average is $1.63. The company’s market cap is $24.43 million. Fusion Telecommunications International Inc. has a one year low of $0.96 and a one year high of $5.43.

Fusion Telecommunications International (NASDAQ:FSNN) last announced its earnings results on Tuesday, November 15th. The company reported ($0.23) EPS for the quarter. The business earned $20.50 million during the quarter. Fusion Telecommunications International had a negative return on equity of 111.09% and a negative net margin of 5.63%. Equities analysts predict that Fusion Telecommunications International Inc. will post ($0.71) EPS for the current fiscal year.

An institutional investor recently raised its position in Fusion Telecommunications International stock. Spears Abacus Advisors LLC raised its stake in Fusion Telecommunications International Inc. (NASDAQ:FSNN) by 763.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,000 shares of the company’s stock after buying an additional 176,834 shares during the period. Spears Abacus Advisors LLC owned about 1.33% of Fusion Telecommunications International worth $330,000 at the end of the most recent quarter. Institutional investors own 1.62% of the company’s stock.

Fusion Telecommunications International Company Profile

Fusion Telecommunications International, Inc offers a suite of cloud communications, cloud connectivity, cloud computing and managed cloud-based applications solutions. The Company operates through two segments: Business Services and Carrier Services. Through Business Services segment, it provides cloud communications, cloud connectivity, cloud storage and security solutions to small, medium and large businesses.

5 Day Chart for NASDAQ:FSNN

Receive News & Stock 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 stocks with our FREE daily email newsletter.