Sequans Communications (NYSE:SQNS) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Sequans Communications S.A. (NYSE:SQNS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.90 and traded as high as $2.70. Sequans Communications shares last traded at $2.69, with a volume of 148,245 shares traded.

Analysts Set New Price Targets

Several brokerages recently issued reports on SQNS. StockNews.com raised Sequans Communications from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Roth Mkm restated a “buy” rating and set a $7.50 price target on shares of Sequans Communications in a research note on Monday, August 26th.

Sequans Communications Trading Up 3.5 %

The company has a market capitalization of $66.90 million, a P/E ratio of 1.91 and a beta of 0.28. The firm has a fifty day moving average price of $2.54 and a 200-day moving average price of $1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.36 and a quick ratio of 1.33.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share for the quarter, hitting the consensus estimate of ($0.30). The company had revenue of $9.68 million during the quarter, compared to the consensus estimate of $9.70 million. Sequans Communications had a return on equity of 403.46% and a net margin of 138.26%. On average, equities research analysts anticipate that Sequans Communications S.A. will post -1.48 earnings per share for the current year.

About Sequans Communications

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.