Sequans Communications (NYSE:SQNS) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Sequans Communications S.A. (NYSE:SQNS)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.18 and traded as high as $3.30. Sequans Communications shares last traded at $3.30, with a volume of 136,552 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Sequans Communications from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

Sequans Communications Stock Up 4.1 %

The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $2.80 and a two-hundred day moving average price of $2.18. The company has a market cap of $82.48 million, a price-to-earnings ratio of 2.34 and a beta of 0.36.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas acquired a new stake in Sequans Communications S.A. (NYSE:SQNS) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,900,000 shares of the semiconductor company’s stock, valued at approximately $3,451,000. Oddo BHF Asset Management Sas owned about 11.60% of Sequans Communications at the end of the most recent reporting period. 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.