StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNS – Free Report) in a report published on Wednesday morning. The brokerage issued a sell rating on the semiconductor company’s stock.
Sequans Communications Stock Performance
NYSE SQNS opened at $0.52 on Wednesday. Sequans Communications has a 52-week low of $0.34 and a 52-week high of $2.97. The company has a fifty day moving average of $0.52 and a 200-day moving average of $1.98. The company has a market capitalization 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 quick ratio of 0.29 and a current ratio of 0.35.
Sequans Communications (NYSE:SQNS – Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The semiconductor company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. The firm had revenue of $4.77 million for the quarter. As a group, equities research analysts predict that Sequans Communications will post -0.55 EPS for the current fiscal year.
Institutional Trading of Sequans Communications
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.
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