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

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

Sequans Communications Trading Up 6.0 %

Shares of Sequans Communications stock opened at $0.51 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.21. The firm has a market cap of $31.31 million, a price-to-earnings ratio of -0.73 and a beta of 0.20. The business has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $1.48. Sequans Communications has a fifty-two week low of $0.34 and a fifty-two week high of $2.97.

Institutional Trading of Sequans Communications

Several institutional investors have recently modified their holdings of SQNS. Black Maple Capital Management LP acquired a new stake in shares of Sequans Communications during the fourth quarter worth $43,000. FNY Investment Advisers LLC raised its position in shares of Sequans Communications by 953.1% during the fourth quarter. FNY Investment Advisers LLC now owns 315,916 shares of the semiconductor company’s stock worth $894,000 after purchasing an additional 285,916 shares during the period. Vazirani Asset Management LLC acquired a new stake in shares of Sequans Communications during the fourth quarter worth $1,840,000. Finally, Bardin Hill Management Partners LP acquired a new stake in shares of Sequans Communications during the fourth quarter worth $2,497,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

Sequans Communications Company Profile

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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.

Further Reading

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