Sequans Communications (NYSE:SQNS) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNS) in a research note published on Sunday morning. The firm issued a sell rating on the semiconductor company’s stock.

Sequans Communications Price Performance

Shares of Sequans Communications stock opened at $0.39 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.35. The firm’s 50-day simple moving average is $1.67 and its 200-day simple moving average is $2.43. Sequans Communications has a twelve month low of $0.39 and a twelve month high of $2.97. The firm has a market cap of $23.70 million, a P/E ratio of -0.55 and a beta of 0.28.

Sequans Communications (NYSE:SQNS) last issued its earnings results 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 business had revenue of $4.77 million for the quarter. Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. As a group, research analysts expect that Sequans Communications will post -0.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Sequans Communications

A number of institutional investors and hedge funds have recently modified their holdings of SQNS. Divisar Capital Management LLC increased its stake in Sequans Communications by 99.0% in the first quarter. Divisar Capital Management LLC now owns 3,082,370 shares of the semiconductor company’s stock valued at $9,370,000 after purchasing an additional 1,533,332 shares in the last quarter. UBS Group AG boosted its holdings in Sequans Communications by 265.0% during the third quarter. UBS Group AG now owns 14,801 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 10,746 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in Sequans Communications by 28.1% during the fourth quarter. Susquehanna International Group LLP now owns 21,654 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 4,751 shares during the last quarter. B. Riley Asset Management LLC boosted its holdings in Sequans Communications by 12.8% during the fourth quarter. B. Riley Asset Management LLC now owns 5,202,637 shares of the semiconductor company’s stock worth $17,273,000 after purchasing an additional 590,000 shares during the last quarter. Finally, North Run Capital LP boosted its holdings in Sequans Communications by 3.7% during the fourth quarter. North Run Capital LP now owns 1,270,034 shares of the semiconductor company’s stock worth $4,217,000 after purchasing an additional 44,877 shares during the last quarter. 63.33% of the stock is 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.