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

Investment analysts at StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued to clients and investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm reissued a “buy” rating and set a $3.00 target price on shares of Sequans Communications in a report on Monday, August 26th.

Sequans Communications Stock Performance

SQNS opened at $1.01 on Friday. The firm has a market cap of $62.56 million, a P/E ratio of -1.28 and a beta of 0.24. Sequans Communications has a 52-week low of $0.34 and a 52-week high of $2.97. The business’s fifty day moving average is $0.73 and its 200-day moving average is $0.61.

Institutional Trading of Sequans Communications

Several large investors have recently bought and sold shares of the business. Black Maple Capital Management LP acquired a new stake in Sequans Communications in the fourth quarter valued at about $43,000. Vazirani Asset Management LLC acquired a new stake in shares of Sequans Communications during the fourth quarter valued at about $1,840,000. Finally, Bardin Hill Management Partners LP acquired a new stake in shares of Sequans Communications during the fourth quarter valued at about $2,497,000. 63.33% of the stock is owned by institutional investors and hedge funds.

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.