StockNews.com Begins Coverage on Sequans Communications (NYSE:SQNS)

StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS) in a research note issued to investors on Tuesday. The brokerage issued a sell rating on the semiconductor company’s stock.

Separately, Roth Mkm reissued a buy rating and issued a $3.00 price objective on shares of Sequans Communications in a research note on Monday, August 26th.

Sequans Communications Stock Performance

Sequans Communications stock opened at $2.39 on Tuesday. Sequans Communications has a 52-week low of $0.85 and a 52-week high of $7.43. The stock’s 50 day moving average price is $0.95 and its two-hundred day moving average price is $0.68.

Sequans Communications (NYSE:SQNS) last issued its earnings results on Friday, August 23rd. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). The company had revenue of $9.68 million for the quarter, compared to the consensus estimate of $9.70 million. Analysts anticipate that Sequans Communications will post -1.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sequans Communications

An institutional investor recently bought a new position in Sequans Communications stock. Black Maple Capital Management LP purchased a new stake in shares of Sequans Communications S.A. (NYSE:SQNS) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 15,246 shares of the semiconductor company’s stock, valued at approximately $43,000. Hedge funds and other institutional investors own 63.33% of the company’s stock.

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.