Sequans Communications (NYSE:SQNS) Raised to “Sell” at StockNews.com

Sequans Communications (NYSE:SQNS) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued to clients and investors on Friday.

Sequans Communications Price Performance

Sequans Communications stock opened at $0.52 on Friday. Sequans Communications has a 12-month low of $0.34 and a 12-month high of $2.97. The stock has a market cap of $32.01 million, a P/E ratio of -0.74 and a beta of 0.23. The company has a 50-day moving average price of $0.81 and a 200 day moving average price of $2.14. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Sequans Communications (NYSE:SQNS) last released its quarterly earnings data on Thursday, March 7th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.08). Sequans Communications had a negative return on equity of 1,218.46% and a negative net margin of 122.10%. The firm had revenue of $4.77 million for the quarter. Sell-side analysts anticipate that Sequans Communications will post -0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Black Maple Capital Management LP purchased a new position in Sequans Communications during the fourth quarter worth about $43,000. Vazirani Asset Management LLC purchased a new position in Sequans Communications during the fourth quarter worth about $1,840,000. Bardin Hill Management Partners LP purchased a new position in Sequans Communications during the fourth quarter worth about $2,497,000. FNY Investment Advisers LLC boosted its stake in 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 buying an additional 285,916 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in Sequans Communications during the third quarter worth about $425,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

Sequans Communications Company Profile

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.