StockNews.com Begins Coverage on Sequans Communications (NYSE:SQNS)

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

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

Sequans Communications Stock Down 7.1 %

NYSE:SQNS opened at $1.04 on Friday. The firm has a market capitalization of $64.42 million, a price-to-earnings ratio of -1.32 and a beta of 0.24. Sequans Communications has a twelve month low of $0.34 and a twelve month high of $2.97. The stock’s 50 day moving average price is $0.64 and its two-hundred day moving average price is $0.60.

Sequans Communications (NYSE:SQNS) last posted 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. Sequans Communications had a negative return on equity of 1,229.91% and a negative net margin of 172.27%. The business had revenue of $6.03 million during the quarter, compared to analysts’ expectations of $7.20 million. As a group, analysts anticipate that Sequans Communications will post -0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bardin Hill Management Partners LP acquired a new position in shares of Sequans Communications in the 4th quarter valued at about $2,497,000. Vazirani Asset Management LLC acquired a new position in shares of Sequans Communications in the 4th quarter valued at about $1,840,000. Finally, Black Maple Capital Management LP acquired a new position in shares of Sequans Communications in the 4th quarter valued at about $43,000. 63.33% of the stock is owned by institutional investors and hedge funds.

About Sequans Communications

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.