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

StockNews.com assumed coverage on shares of Sequans Communications (NYSE:SQNS) in a research report sent to investors on Wednesday. The firm issued a sell rating on the semiconductor company’s stock.

Sequans Communications Price Performance

SQNS opened at $0.52 on Wednesday. The stock’s fifty day simple moving average is $0.52 and its 200 day simple moving average is $1.98. Sequans Communications has a 1-year low of $0.34 and a 1-year high of $2.97. The stock has a market cap of $31.98 million, a PE ratio of -0.74 and a beta of 0.14. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Thursday, March 7th. The semiconductor company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $4.77 million during the quarter. Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. As a group, research analysts expect that Sequans Communications will post -0.55 earnings per share for the current year.

Hedge Funds Weigh In On Sequans Communications

A number of large investors have recently made changes to their positions in the company. Bardin Hill Management Partners LP acquired a new position in Sequans Communications in the 4th quarter valued at $2,497,000. Vazirani Asset Management LLC bought a new stake in shares of Sequans Communications in the fourth quarter valued at about $1,840,000. FNY Investment Advisers LLC grew its stake in shares of Sequans Communications by 953.1% in the fourth quarter. FNY Investment Advisers LLC now owns 315,916 shares of the semiconductor company’s stock valued at $894,000 after acquiring an additional 285,916 shares in the last quarter. Gabelli Funds LLC bought a new position in Sequans Communications during the third quarter worth about $647,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Sequans Communications in the 3rd quarter worth about $594,000. 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.