Sequans Communications (NYSE:SQNS) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNSFree Report) in a research note published on Tuesday. The firm issued a sell rating on the semiconductor company’s stock.

Separately, Roth Mkm reissued a buy rating and set a $3.00 price objective on shares of Sequans Communications in a report on Monday, August 26th.

Read Our Latest Stock Analysis on Sequans Communications

Sequans Communications Trading Up 0.4 %

Shares of SQNS opened at $2.40 on Tuesday. The company’s 50-day moving average price is $0.99 and its 200 day moving average price is $0.69. Sequans Communications has a 12-month low of $0.85 and a 12-month high of $7.43. The firm has a market cap of $148.65 million, a P/E ratio of -3.04 and a beta of 0.25.

Sequans Communications (NYSE:SQNSGet Free Report) last issued its earnings results on Friday, August 23rd. The semiconductor company reported ($0.12) earnings per share for the quarter, hitting the consensus estimate of ($0.12). The business had revenue of $9.68 million for the quarter, compared to analyst estimates of $9.70 million. Equities research analysts forecast that Sequans Communications will post -1.47 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Sequans Communications stock. Black Maple Capital Management LP acquired a new position in shares of Sequans Communications S.A. (NYSE:SQNSFree Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 15,246 shares of the semiconductor company’s stock, valued at approximately $43,000. 63.33% of the stock is owned by hedge funds and other institutional investors.

Sequans Communications Company Profile

(Get Free Report)

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.

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