StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNS – Free Report) in a research report released on Sunday. The firm issued a sell rating on the semiconductor company’s stock.
Sequans Communications Price Performance
NYSE:SQNS opened at $0.51 on Friday. The firm’s fifty day moving average price is $0.56 and its 200 day moving average price is $1.02. Sequans Communications has a 1-year low of $0.34 and a 1-year high of $2.97. The firm has a market cap of $31.53 million, a price-to-earnings ratio of -0.64 and a beta of 0.16.
Sequans Communications (NYSE:SQNS – Get Free Report) last released its earnings results on Tuesday, June 18th. The semiconductor company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.02. Sequans Communications had a negative return on equity of 1,229.91% and a negative net margin of 172.27%. The company had revenue of $6.03 million during the quarter, compared to the consensus estimate of $7.20 million. As a group, analysts expect that Sequans Communications will post -0.51 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Sequans Communications
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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