StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS – Free Report) in a research note issued to investors on Monday morning. The brokerage issued a sell rating on the semiconductor company’s stock.
Sequans Communications Price Performance
Sequans Communications stock opened at $0.53 on Monday. Sequans Communications has a one year low of $0.34 and a one year high of $2.97. The firm has a market capitalization of $33.09 million, a P/E ratio of -0.68 and a beta of 0.16. The business has a fifty day moving average price of $0.54 and a 200-day moving average price of $0.93.
Sequans Communications (NYSE:SQNS – Get Free Report) last issued its earnings results on Tuesday, June 18th. The semiconductor company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.02. Sequans Communications had a negative return on equity of 1,229.91% and a negative net margin of 172.27%. The business had revenue of $6.03 million during the quarter, compared to the consensus estimate of $7.20 million. Sell-side analysts expect that Sequans Communications will post -0.51 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sequans Communications
Sequans Communications Company Profile
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.
See Also
- Five stocks we like better than Sequans Communications
- What is the Dogs of the Dow Strategy? Overview and Examples
- Owens-Corning Stock: Good Value or Recession Red Flag?
- Insider Buying Explained: What Investors Need to Know
- Datadog Exceeds Q2 Expectations, Solidifies Market Leadership
- Stock Dividend Cuts Happen Are You Ready?
- Cybersecurity Stock Surges, Promising Double-Digit Gains
Receive News & Ratings for Sequans Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications and related companies with MarketBeat.com's FREE daily email newsletter.