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

Equities research analysts at StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued to clients and investors on Sunday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Sequans Communications Stock Performance

Shares of NYSE:SQNS opened at $0.50 on Friday. The firm has a market cap of $31.06 million, a PE ratio of -0.63 and a beta of 0.16. The firm’s fifty day moving average is $0.57 and its 200-day moving average is $1.04. Sequans Communications has a 52 week low of $0.34 and a 52 week high of $2.97.

Sequans Communications (NYSE:SQNS) last issued its quarterly earnings results on Tuesday, June 18th. The semiconductor company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The company had revenue of $6.03 million for the quarter, compared to analyst estimates of $7.20 million. Sequans Communications had a negative net margin of 172.27% and a negative return on equity of 1,229.91%. Sell-side analysts forecast that Sequans Communications will post -0.51 EPS for the current year.

Institutional Investors Weigh In On Sequans Communications

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

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.