Sequans Communications (NYSE:SQNS) Earns Sell Rating from Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS) in a report released on Wednesday. The firm set a “sell” rating on the semiconductor company’s stock.

Sequans Communications Stock Performance

NYSE:SQNS remained flat at $0.52 during midday trading on Wednesday. The company had a trading volume of 160,814 shares, compared to its average volume of 426,917. The company has a market cap of $31.98 million, a P/E ratio of -0.74 and a beta of 0.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.29. Sequans Communications has a 1 year low of $0.34 and a 1 year high of $2.97. The company’s 50 day moving average price is $0.52 and its 200-day moving average price is $1.98.

Sequans Communications (NYSE:SQNS) last announced its quarterly earnings data on Thursday, March 7th. The semiconductor company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The firm had revenue of $4.77 million during the quarter. Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. Sell-side analysts forecast that Sequans Communications will post -0.55 EPS for the current fiscal year.

Institutional Trading of Sequans Communications

A number of large investors have recently added to or reduced their stakes in SQNS. Black Maple Capital Management LP bought a new position in shares of Sequans Communications in the fourth quarter valued at $43,000. Vazirani Asset Management LLC acquired a new position in shares of Sequans Communications in the 4th quarter worth $1,840,000. Bardin Hill Management Partners LP acquired a new stake in shares of Sequans Communications during the fourth quarter worth $2,497,000. FNY Investment Advisers LLC lifted its holdings in shares of Sequans Communications by 953.1% during the fourth quarter. FNY Investment Advisers LLC now owns 315,916 shares of the semiconductor company’s stock valued at $894,000 after purchasing an additional 285,916 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Sequans Communications in the 3rd quarter valued at $425,000. 63.33% of the stock is currently owned by 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.