Sequans Communications (NYSE:SQNS) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNSGet Free Report) in a note issued to investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Sequans Communications Trading Down 6.5 %

NYSE:SQNS opened at $0.36 on Friday. Sequans Communications has a 1-year low of $0.34 and a 1-year high of $2.97. The business’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $2.41. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $22.16 million, a price-to-earnings ratio of -0.51 and a beta of 0.24.

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

Institutional Investors Weigh In On Sequans Communications

Hedge funds have recently modified their holdings of the business. B. Riley Asset Management LLC grew its holdings in shares of Sequans Communications by 75.6% during the second quarter. B. Riley Asset Management LLC now owns 9,133,300 shares of the semiconductor company’s stock worth $20,367,000 after buying an additional 3,930,663 shares in the last quarter. Boothbay Fund Management LLC grew its holdings in shares of Sequans Communications by 166.3% during the second quarter. Boothbay Fund Management LLC now owns 4,166,569 shares of the semiconductor company’s stock worth $9,291,000 after buying an additional 2,601,703 shares in the last quarter. Divisar Capital Management LLC grew its holdings in shares of Sequans Communications by 99.0% during the first quarter. Divisar Capital Management LLC now owns 3,082,370 shares of the semiconductor company’s stock worth $9,370,000 after buying an additional 1,533,332 shares in the last quarter. Masters Capital Management LLC grew its holdings in shares of Sequans Communications by 91.5% during the second quarter. Masters Capital Management LLC now owns 2,011,133 shares of the semiconductor company’s stock worth $4,485,000 after buying an additional 961,133 shares in the last quarter. Finally, Bardin Hill Management Partners LP bought a new position in Sequans Communications in the fourth quarter valued at approximately $2,497,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

About Sequans Communications

(Get Free Report)

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.

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