Sequans Communications (NYSE:SQNS) Shares Cross Above 200 Day Moving Average – Time to Sell?

Sequans Communications S.A. (NYSE:SQNS) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.44 and traded as high as $3.49. Sequans Communications shares last traded at $3.39, with a volume of 175,608 shares changing hands.

Wall Street Analyst Weigh In

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

Sequans Communications Stock Up 6.5 %

The company has a market capitalization of $84.64 million, a P/E ratio of 2.40 and a beta of 0.33. The company has a 50-day moving average of $3.08 and a two-hundred day moving average of $2.44. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas acquired a new position in Sequans Communications S.A. (NYSE:SQNS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing. 63.33% of the stock is owned by hedge funds and other institutional investors.

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.