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

StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS) 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) 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

Institutional investors and hedge funds have recently made changes to their positions in the business. Bardin Hill Management Partners LP purchased a new position in Sequans Communications during the fourth quarter worth about $2,497,000. Vazirani Asset Management LLC bought a new stake in shares of Sequans Communications during the 4th quarter valued at about $1,840,000. Finally, Black Maple Capital Management LP purchased a new position in shares of Sequans Communications during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

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.