StockNews.com upgraded shares of Sequans Communications (NYSE:SQNS – Free Report) to a sell rating in a research note released on Friday morning.
Sequans Communications Stock Performance
Sequans Communications stock opened at $0.54 on Friday. The stock has a market cap of $32.93 million, a PE ratio of -0.76 and a beta of 0.24. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. Sequans Communications has a 12-month low of $0.34 and a 12-month high of $2.97. The business’s 50-day moving average price is $0.72 and its two-hundred day moving average price is $2.10.
Sequans Communications (NYSE:SQNS – Get Free Report) last issued its quarterly earnings data on Thursday, March 7th. The semiconductor company reported ($0.26) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.08). The company had revenue of $4.77 million during the quarter. Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. As a group, analysts expect that Sequans Communications will post -0.55 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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