Sequans Communications (NYSE:SQNS) Now Covered by StockNews.com

StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS) in a research note released on Wednesday morning. The brokerage issued a sell rating on the semiconductor company’s stock.

Sequans Communications Price Performance

Shares of NYSE SQNS opened at $0.50 on Wednesday. Sequans Communications has a twelve month low of $0.34 and a twelve month high of $2.97. The firm has a market cap of $31.19 million, a P/E ratio of -0.64 and a beta of 0.20. The company has a 50 day moving average of $0.56 and a 200 day moving average of $1.40. The company has a quick ratio of 0.20, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Sequans Communications

A number of hedge funds have recently added to or reduced their stakes in the company. Bardin Hill Management Partners LP purchased a new position in Sequans Communications in the 4th quarter worth approximately $2,497,000. Vazirani Asset Management LLC purchased a new stake in Sequans Communications during the 4th quarter valued at $1,840,000. FNY Investment Advisers LLC raised its stake in Sequans Communications by 953.1% during the 4th quarter. FNY Investment Advisers LLC now owns 315,916 shares of the semiconductor company’s stock valued at $894,000 after buying an additional 285,916 shares during the last quarter. Finally, Black Maple Capital Management LP purchased a new stake in Sequans Communications during the 4th quarter valued at $43,000. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

About Sequans Communications

Sequans Communications SA engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, Korea, China, rest of Asia, Germany, the United States, and internationally. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated SoC solutions that combine various functions into a single die or package; and LTE modules.