Sequans Communications (NYSE:SQNS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Sequans Communications S.A. (NYSE:SQNS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.52 and traded as high as $3.25. Sequans Communications shares last traded at $3.07, with a volume of 62,820 shares.

Analyst Upgrades and Downgrades

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 Down 3.2 %

The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock’s 50-day simple moving average is $3.15 and its 200-day simple moving average is $2.52. The firm has a market capitalization of $76.72 million, a P/E ratio of 2.18 and a beta of 0.33.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas bought a new stake in Sequans Communications S.A. (NYSE:SQNS) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 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 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.