StockNews.com started coverage on shares of Sequans Communications (NYSE:SQNS – Free Report) in a research note issued to investors on Friday morning. The brokerage issued a sell rating on the semiconductor company’s stock.
Sequans Communications Stock Up 4.0 %
Shares of SQNS stock traded up $0.02 during mid-day trading on Friday, reaching $0.52. 195,743 shares of the company’s stock traded hands, compared to its average volume of 92,316. The company’s 50-day moving average price is $0.50 and its 200-day moving average price is $1.87. The company has a market cap of $32.00 million, a P/E ratio of -0.74 and a beta of 0.14. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Sequans Communications has a 12 month low of $0.34 and a 12 month high of $2.97.
Sequans Communications (NYSE:SQNS – Get Free Report) last posted its quarterly earnings data 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). The company 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%. On average, equities analysts expect that Sequans Communications will post -0.55 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
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.
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