Fusion Telecommunications International, Inc. common stock (Nasdaq:FSNN)
March 14th, 2019
Fusion Telecommunications International, Inc. common stock finished Thursday’s trading session down 15.17%, a ($0.27) decrease to close on $1.51. With an estimated two days to the next earnings report, everyone is watching Fusion Telecommunications International, Inc. common stock. As well as the drop in value, Fusion Telecommunications International, Inc. common stock hit a new 52 week low of $1.33, breaking the previous low of $1.38 from November 2018. Fusion Telecommunications International, Inc. common stock swung 25.56% between high and low. Two technical ‘scores’ for companies to be aware of are the Altman Z1 and the Piotroski2 scores. FSNN scored quite low for both, which could be indicators of trouble down the road (the Altman Z-Score is -0.36, and the Piotroski Score is 2). Despite the drop in value, trading volumes were solid at 686.00% of normal which can indicate investor opportunities.
The market sectors were mixed Thursday with a majority of the sectors trending down. Financials saw the biggest increase of the day (0.41%), while Materials saw the biggest drop (-0.79%). Information Technology has seen the biggest year-to-date gain at 16.11%.
Materials and Communication Services both saw turn arounds from their five day positive performance, Materials with a drop of -0.79%.
- Financials went up with a 0.41% change.
- Information Technology went up with a 0.20% change.
- Energy went up with a 0.06% change.
- Real Estate went up with a 0.04% change.
- Utilities went down with a -0.14% change.
- Healthcare went down with a -0.25% change.
- Consumer Staples went down with a -0.28% change.
- Consumer Discretionary went down with a -0.31% change.
- Industrials went down with a -0.35% change.
- Communication Services went down with a -0.40% change.
- Materials went down with a -0.79% change.
Fusion Telecommunications International, Inc. common stock Info
As of May 4, 2018, Fusion Telecommunications International, Inc. was acquired by Cloud and Business Services Business of Birch Communications, Inc. in a reverse merger transaction. Fusion Telecommunications International, Inc., together with its subsidiaries, provides cloud communications, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based solutions to small, medium, and large businesses worldwide. The company operates in two segments, Business Services and Carrier Services. The Business Services segment offers cloud voice and unified communications as a service, which enhance communication and collaboration on virtually various devices and places; cloud connectivity services that connect customers to the cloud with managed network solutions; and cloud computing and infrastructure as service solutions that are designed to provide enterprise customers with a platform on which additional cloud services can be layered, as well as SIP trunking solution, which allows a customer to retain and use its existing telephone system. This segment also provides software as a service based solutions, including security and business continuity; private and hybrid cloud, storage, backup and recovery, and secure file sharing services; and secure mobile messaging and data integration services and service plans designed to meet specific customer requirements. The Carrier Services segment offers voice traffic termination through voice over IP technology. This segment interconnects to approximately 370 carrier customers and vendors; and sells voice services to other communications service providers, including the United States based carriers sending voice traffic to international destinations, and foreign carriers sending voice traffic to the United States and internationally. The company markets and sells its services primarily through distribution partners, direct sales personnel, and sales representatives. Fusion Telecommunications International, Inc. was founded in 1997 and is headquartered in New York, New York.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Fusion Telecommunications International, Inc. common stock’s score is -0.36) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
(2) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (Fusion Telecommunications International, Inc. common stock’s score is 2), and 9 is the best.
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