StockNews.com downgraded shares of Sequans Communications (NYSE:SQNS – Get Rating) from a hold rating to a sell rating in a research note released on Monday.
Several other research analysts have also weighed in on the stock. B. Riley reduced their price objective on shares of Sequans Communications from $8.00 to $7.00 and set a buy rating on the stock in a research note on Wednesday, February 15th. Needham & Company LLC reduced their price objective on shares of Sequans Communications from $7.00 to $5.00 and set a buy rating on the stock in a research note on Thursday, February 16th.
Sequans Communications Stock Down 4.0 %
Shares of NYSE:SQNS opened at $2.30 on Monday. Sequans Communications has a one year low of $2.25 and a one year high of $4.17. The company has a 50 day moving average of $2.90 and a 200-day moving average of $3.38. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.10 and a quick ratio of 0.84. The stock has a market cap of $110.00 million, a price-to-earnings ratio of -12.08 and a beta of 0.88.
Institutional Inflows and Outflows
About Sequans Communications
Sequans Communications SA engages in the design, development, and supply of cellular semiconductor solutions for the broadband and Internet of Things (IoT) markets. The firm offers 5G and 4G chips and modules for non-smartphone devices. Its products and solutions include chips, modules, development kits, and custom technology solutions.
- Get a free copy of the StockNews.com research report on Sequans Communications (SQNS)
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