Sequans Communications (NYSE:SQNS) Shares Pass Above Two Hundred Day Moving Average of $3.31

Sequans Communications S.A. (NYSE:SQNSGet Rating) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.31 and traded as high as $3.80. Sequans Communications shares last traded at $3.76, with a volume of 76,297 shares traded.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on Sequans Communications in a research report on Thursday, November 17th. They set a “hold” rating on the stock. Needham & Company LLC increased their price objective on Sequans Communications from $5.00 to $7.00 and gave the company a “buy” rating in a research report on Wednesday, August 31st. Finally, B. Riley increased their price objective on Sequans Communications from $6.00 to $8.00 in a research report on Wednesday, August 31st.

Sequans Communications Stock Performance

The stock has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $3.31. The company has a current ratio of 1.19, a quick ratio of 0.94 and a debt-to-equity ratio of 9.90. The company has a market cap of $180.22 million, a price-to-earnings ratio of -12.53 and a beta of 0.86.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SQNS. Lynrock Lake LP raised its stake in Sequans Communications by 5.9% during the 3rd quarter. Lynrock Lake LP now owns 4,746,401 shares of the semiconductor company’s stock worth $16,945,000 after buying an additional 262,512 shares during the period. B. Riley Asset Management LLC raised its stake in Sequans Communications by 6.1% during the 3rd quarter. B. Riley Asset Management LLC now owns 4,612,637 shares of the semiconductor company’s stock worth $16,467,000 after buying an additional 265,800 shares during the period. Divisar Capital Management LLC raised its stake in Sequans Communications by 21.3% during the 2nd quarter. Divisar Capital Management LLC now owns 3,739,726 shares of the semiconductor company’s stock worth $10,060,000 after buying an additional 657,356 shares during the period. B. Riley Financial Inc. acquired a new stake in Sequans Communications during the 1st quarter worth $3,369,000. Finally, Boothbay Fund Management LLC raised its stake in Sequans Communications by 22.2% during the 3rd quarter. Boothbay Fund Management LLC now owns 950,035 shares of the semiconductor company’s stock worth $3,392,000 after buying an additional 172,852 shares during the period. Institutional investors and hedge funds own 54.45% of the company’s stock.

About Sequans Communications

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Sequans Communications SA designs, develops, and supplies cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets in Taiwan, South Korea, China, rest of Asia, the United States, and internationally. It offers a set of 5G/4G chips and modules for non-smartphone devices.

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