Equities researchers at StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNS – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the semiconductor company’s stock.
SQNS has been the topic of a number of other research reports. Needham & Company LLC raised their target price on Sequans Communications from $5.00 to $7.00 and gave the company a “buy” rating in a report on Wednesday, August 31st. B. Riley raised their target price on Sequans Communications from $6.00 to $8.00 in a report on Wednesday, August 31st.
Sequans Communications Stock Up 2.7 %
Shares of NYSE:SQNS opened at $3.76 on Thursday. The business’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $3.27. The firm has a market cap of $180.21 million, a P/E ratio of -12.53 and a beta of 0.86. The company has a debt-to-equity ratio of 9.90, a quick ratio of 0.94 and a current ratio of 1.19. Sequans Communications has a 52-week low of $2.28 and a 52-week high of $6.19.
Institutional Trading of Sequans Communications
About Sequans Communications
Sequans Communications SA designs, develops, and supplies cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, South Korea, China, rest of Asia, the United States, and internationally. It offers a set of 5G/4G chips and modules for non-smartphone devices.
- Get a free copy of the StockNews.com research report on Sequans Communications (SQNS)
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