Fusion Telecommunications International Inc. (NASDAQ:FSNN) Director Paul C. Obrien acquired 86,957 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were bought at an average price of $1.15 per share, for a total transaction of $100,000.55. Following the acquisition, the director now owns 91,957 shares in the company, valued at approximately $105,750.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Fusion Telecommunications International Inc. (NASDAQ:FSNN) opened at 1.67 on Wednesday. The stock’s 50 day moving average is $1.33 and its 200 day moving average is $1.63. Fusion Telecommunications International Inc. has a 12-month low of $0.96 and a 12-month high of $5.43. The company’s market cap is $25.03 million.

Fusion Telecommunications International (NASDAQ:FSNN) last issued its quarterly earnings data on Tuesday, November 15th. The company reported ($0.23) earnings per share (EPS) for the quarter. Fusion Telecommunications International had a negative return on equity of 111.09% and a negative net margin of 5.63%. The company had revenue of $20.50 million for the quarter. On average, equities analysts forecast that Fusion Telecommunications International Inc. will post ($0.71) earnings per share for the current year.

A hedge fund recently raised its stake in Fusion Telecommunications International stock. Spears Abacus Advisors LLC increased its stake in Fusion Telecommunications International Inc. (NASDAQ:FSNN) by 763.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the company’s stock after buying an additional 176,834 shares during the period. Spears Abacus Advisors LLC owned approximately 1.33% of Fusion Telecommunications International worth $330,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 1.62% of the company’s stock.

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About Fusion Telecommunications International

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.

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