Sequans Communications (NYSE:SQNS) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Sequans Communications (NYSE:SQNS) in a research note issued to investors on Sunday. The firm set a “sell” rating on the semiconductor company’s stock.

Separately, Roth Mkm reiterated a “buy” rating and set a $3.00 price objective on shares of Sequans Communications in a research note on Monday, August 26th.

Sequans Communications Trading Down 1.2 %

Shares of SQNS opened at $1.00 on Friday. The firm has a market cap of $61.80 million, a P/E ratio of -1.26 and a beta of 0.24. Sequans Communications has a 12 month low of $0.34 and a 12 month high of $2.97. The stock’s 50 day moving average is $0.74 and its two-hundred day moving average is $0.61.

Hedge Funds Weigh In On Sequans Communications

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Black Maple Capital Management LP acquired a new position in Sequans Communications in the fourth quarter valued at approximately $43,000. Vazirani Asset Management LLC acquired a new position in shares of Sequans Communications in the 4th quarter valued at $1,840,000. Finally, Bardin Hill Management Partners LP purchased a new position in shares of Sequans Communications during the 4th quarter worth $2,497,000. Institutional investors and hedge funds own 63.33% of the company’s stock.

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.