StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNS – Free Report) in a report released on Friday morning. The firm issued a sell rating on the semiconductor company’s stock.
Sequans Communications Trading Down 14.3 %
NYSE SQNS opened at $0.49 on Friday. The company’s 50-day moving average price is $0.57 and its 200-day moving average price is $1.20. The stock has a market cap of $30.37 million, a PE ratio of -0.62 and a beta of 0.16. 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 results on Tuesday, June 18th. The semiconductor company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $6.03 million for the quarter, compared to analysts’ expectations of $7.20 million. Sequans Communications had a negative net margin of 172.27% and a negative return on equity of 1,229.91%. As a group, sell-side analysts forecast that Sequans Communications will post -0.51 earnings per share for the current year.
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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.
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