Equities research analysts at StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS – Get Free Report) 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 – Get Free Report) 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
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.
See Also
- Five stocks we like better than Sequans Communications
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Survey: Top 175 Fittest Retirement Locations in America
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Kimberly-Clark Stock Dips and a Buying Opportunity Emerges
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Leading Gold Stock Shines With Q2 2024 Earnings Release
Receive News & Ratings for Sequans Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications and related companies with MarketBeat.com's FREE daily email newsletter.