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

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

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

Sequans Communications Trading Down 2.5 %

Shares of SQNS stock opened at $0.97 on Friday. Sequans Communications has a 1 year low of $0.34 and a 1 year high of $2.97. The firm’s 50 day moving average is $0.69 and its 200-day moving average is $0.60. The firm has a market capitalization of $60.35 million, a price-to-earnings ratio of -1.23 and a beta of 0.24.

Sequans Communications (NYSE:SQNS) last announced its earnings results on Tuesday, June 18th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. Sequans Communications had a negative net margin of 140.08% and a negative return on equity of 1,229.91%. The company had revenue of $6.03 million for the quarter, compared to analyst estimates of $7.20 million. On average, equities research analysts forecast that Sequans Communications will post -0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sequans Communications

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SQNS. Bardin Hill Management Partners LP bought a new stake in Sequans Communications in the fourth quarter valued at about $2,497,000. Vazirani Asset Management LLC bought a new stake in Sequans Communications in the fourth quarter valued at about $1,840,000. Finally, Black Maple Capital Management LP bought a new stake in Sequans Communications in the fourth quarter valued at about $43,000. 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.