StockNews.com began coverage on shares of Sequans Communications (NYSE:SQNS – Get Free Report) in a research report issued on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.
Sequans Communications Trading Down 4.4 %
Shares of SQNS opened at $0.50 on Friday. The firm has a market cap of $31.06 million, a P/E ratio of -0.63 and a beta of 0.16. Sequans Communications has a 12-month low of $0.34 and a 12-month high of $2.97. The company’s 50-day moving average price is $0.57 and its 200 day moving average price is $1.04.
Sequans Communications (NYSE:SQNS – Get Free Report) last issued its quarterly earnings data on Tuesday, June 18th. The semiconductor company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.02. The firm had revenue of $6.03 million for the quarter, compared to analyst estimates of $7.20 million. Sequans Communications had a negative net margin of 172.27% and a negative return on equity of 1,229.91%. Equities research analysts forecast that Sequans Communications will post -0.51 earnings per share for the current year.
Institutional Trading of Sequans Communications
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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