StockNews.com Downgrades Sequans Communications (NYSE:SQNS) to Sell

StockNews.com lowered shares of Sequans Communications (NYSE:SQNS – Get Rating) from a hold rating to a sell rating in a report issued on Monday.

A number of other equities analysts have also commented on the stock. Needham & Company LLC lowered their price target on shares of Sequans Communications from $7.00 to $5.00 and set a buy rating on the stock in a research report on Thursday, February 16th. B. Riley reduced their price objective on shares of Sequans Communications from $8.00 to $7.00 and set a buy rating on the stock in a research note on Wednesday, February 15th.

Sequans Communications Price Performance

NYSE:SQNS opened at $2.30 on Monday. Sequans Communications has a 52 week low of $2.25 and a 52 week high of $4.17. The firm has a market cap of $110.00 million, a price-to-earnings ratio of -12.08 and a beta of 0.88. The firm’s 50-day simple moving average is $2.90 and its 200 day simple moving average is $3.38. The company has a debt-to-equity ratio of 23.26, a quick ratio of 0.84 and a current ratio of 1.10.

Institutional Investors Weigh In On Sequans Communications

Large investors have recently bought and sold shares of the company. Divisar Capital Management LLC boosted its stake in shares of Sequans Communications by 99.0% in the 1st quarter. Divisar Capital Management LLC now owns 3,082,370 shares of the semiconductor company’s stock valued at $9,370,000 after purchasing an additional 1,533,332 shares in the last quarter. B. Riley Asset Management LLC boosted its stake in shares of Sequans Communications by 20.6% in the 2nd quarter. B. Riley Asset Management LLC now owns 4,346,837 shares of the semiconductor company’s stock valued at $11,693,000 after purchasing an additional 743,504 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in shares of Sequans Communications by 63.2% in the 4th quarter. Boothbay Fund Management LLC now owns 1,550,228 shares of the semiconductor company’s stock valued at $5,147,000 after purchasing an additional 600,193 shares in the last quarter. Roubaix Capital LLC acquired a new stake in shares of Sequans Communications in the 3rd quarter valued at approximately $1,496,000. Finally, B. Riley Securities Inc. acquired a new stake in shares of Sequans Communications in the 4th quarter valued at approximately $1,243,000. 54.45% of the stock is currently owned by institutional investors and hedge funds.

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.