Begins Coverage on Sequans Communications (NYSE:SQNS)

Equities researchers at initiated coverage on shares of Sequans Communications (NYSE:SQNSGet Free Report) in a research note issued to investors on Thursday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Sequans Communications Stock Performance

SQNS stock opened at $0.53 on Thursday. The firm has a market capitalization of $33.09 million, a price-to-earnings ratio of -0.68 and a beta of 0.16. The firm has a 50 day moving average price of $0.56 and a 200-day moving average price of $1.34. Sequans Communications has a 52-week low of $0.34 and a 52-week high of $2.97.

Hedge Funds Weigh In On Sequans Communications

A number of hedge funds have recently bought and sold shares of SQNS. Black Maple Capital Management LP purchased a new stake in Sequans Communications during the fourth quarter valued at $43,000. FNY Investment Advisers LLC increased its position in shares of Sequans Communications by 953.1% during the 4th quarter. FNY Investment Advisers LLC now owns 315,916 shares of the semiconductor company’s stock valued at $894,000 after purchasing an additional 285,916 shares during the last quarter. Vazirani Asset Management LLC bought a new position in shares of Sequans Communications in the 4th quarter worth approximately $1,840,000. Finally, Bardin Hill Management Partners LP purchased a new position in shares of Sequans Communications in the fourth quarter worth approximately $2,497,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

About Sequans Communications

(Get Free Report)

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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