Sequans Communications (NYSE:SQNS) Rating Lowered to Sell at StockNews.com

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

Large investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in Sequans Communications by 265.0% during the 3rd quarter. UBS Group AG now owns 14,801 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 10,746 shares during the period. Susquehanna International Group LLP boosted its holdings in Sequans Communications by 28.1% during the 4th quarter. Susquehanna International Group LLP now owns 21,654 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 4,751 shares during the period. Millennium Management LLC purchased a new position in Sequans Communications during the 4th quarter valued at $113,000. Worth Venture Partners LLC boosted its holdings in Sequans Communications by 21.3% during the 3rd quarter. Worth Venture Partners LLC now owns 45,500 shares of the semiconductor company’s stock valued at $162,000 after acquiring an additional 8,000 shares during the period. Finally, B. Riley Securities Inc. purchased a new position in Sequans Communications during the 4th quarter valued at $1,243,000. Hedge funds and other institutional investors own 54.45% of the company’s stock.

About Sequans Communications

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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.