Research analysts at StockNews.com assumed coverage on shares of Sequans Communications (NYSE:SQNS – Get Free Report) in a note issued to investors on Tuesday. The firm set a “sell” rating on the semiconductor company’s stock.
Sequans Communications Stock Performance
Shares of NYSE SQNS opened at $0.54 on Tuesday. The company has a market cap of $33.42 million, a PE ratio of -0.68 and a beta of 0.16. The business has a 50-day simple moving average of $0.53 and a two-hundred day simple moving average of $0.86. Sequans Communications has a fifty-two week low of $0.34 and a fifty-two week high of $2.97.
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, topping analysts’ consensus estimates of ($0.18) by $0.02. The firm had revenue of $6.03 million during the quarter, compared to the consensus estimate of $7.20 million. Sequans Communications had a negative return on equity of 1,229.91% and a negative net margin of 172.27%. On average, sell-side analysts predict that Sequans Communications will post -0.51 earnings per share for the current fiscal year.
Institutional Trading of 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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