Sequans Communications (NYSE:SQNS – Get Rating) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.
SQNS has been the subject of a number of other research reports. Needham & Company LLC dropped their target price on Sequans Communications from $7.00 to $5.00 and set a “buy” rating for the company in a report on Thursday, February 16th. B. Riley dropped their target price on Sequans Communications from $8.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday, February 15th.
Sequans Communications Stock Performance
NYSE:SQNS opened at $2.30 on Monday. The company has a debt-to-equity ratio of 23.26, a current ratio of 1.10 and a quick ratio of 0.84. Sequans Communications has a 1 year low of $2.25 and a 1 year high of $4.17. The stock’s 50 day simple moving average is $2.90 and its two-hundred day simple moving average is $3.38. The company has a market cap of $110.00 million, a price-to-earnings ratio of -12.08 and a beta of 0.88.
Hedge Funds Weigh In On Sequans Communications
About Sequans Communications
Sequans Communications SA engages in the design, development, and supply of cellular semiconductor solutions for the broadband and Internet of Things (IoT) markets. The firm offers 5G and 4G chips and modules for non-smartphone devices. Its products and solutions include chips, modules, development kits, and custom technology solutions.
- Get a free copy of the StockNews.com research report on Sequans Communications (SQNS)
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