Sequans Communications (NYSE:SQNS) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Sequans Communications (NYSE:SQNS) in a research note issued on Monday. The brokerage set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm reissued a “buy” rating and issued a $3.00 price objective on shares of Sequans Communications in a research note on Monday, August 26th.

Sequans Communications Trading Up 0.9 %

SQNS opened at $1.11 on Monday. The stock’s 50 day simple moving average is $0.79 and its 200-day simple moving average is $0.62. Sequans Communications has a 1 year low of $0.34 and a 1 year high of $2.97. The stock has a market cap of $69.01 million, a PE ratio of -1.41 and a beta of 0.24.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SQNS. Bardin Hill Management Partners LP acquired a new stake in shares of Sequans Communications in the fourth quarter valued at approximately $2,497,000. Vazirani Asset Management LLC acquired a new stake in shares of Sequans Communications during the 4th quarter valued at $1,840,000. Finally, Black Maple Capital Management LP acquired a new stake in shares of Sequans Communications during the 4th quarter valued at $43,000. 63.33% of the stock is currently owned by institutional investors.

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.