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

Equities research analysts at StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS) in a research report issued to clients and investors on Monday. The firm set 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

Shares of NYSE SQNS opened at $1.11 on Monday. The business’s 50 day moving average price is $0.80 and its 200-day moving average price is $0.63. Sequans Communications has a fifty-two week low of $0.34 and a fifty-two week high of $2.97. The company has a market cap of $68.70 million, a price-to-earnings ratio of -1.40 and a beta of 0.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SQNS. Bardin Hill Management Partners LP bought a new stake in Sequans Communications during the 4th quarter valued at $2,497,000. Vazirani Asset Management LLC bought a new stake in Sequans Communications during the 4th quarter valued at $1,840,000. Finally, Black Maple Capital Management LP bought a new stake in Sequans Communications during the 4th quarter valued at $43,000. 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.