Sequans Communications (NYSE:SQNS) Earns Sell Rating from Analysts at StockNews.com

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

Sequans Communications Stock Performance

Shares of SQNS stock opened at $0.50 on Wednesday. The stock’s fifty day moving average price is $0.56 and its two-hundred day moving average price is $1.40. The company has a market cap of $31.19 million, a PE ratio of -0.64 and a beta of 0.20. Sequans Communications has a fifty-two week low of $0.34 and a fifty-two week high of $2.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.20 and a current ratio of 0.25.

Institutional Investors Weigh In On Sequans Communications

Large investors have recently modified their holdings of the business. Black Maple Capital Management LP acquired a new stake in shares of Sequans Communications in the 4th quarter valued at $43,000. FNY Investment Advisers LLC boosted its holdings in shares of 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 acquiring an additional 285,916 shares in the last quarter. Vazirani Asset Management LLC acquired a new stake in shares of Sequans Communications during the 4th quarter valued at $1,840,000. Finally, Bardin Hill Management Partners LP acquired a new stake in shares of Sequans Communications during the 4th quarter valued at $2,497,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

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.