Sequans Communications (NYSE:SQNS – Get Free Report) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report released on Friday.
Sequans Communications Stock Up 2.4 %
Shares of SQNS opened at $0.53 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Sequans Communications has a 52 week low of $0.34 and a 52 week high of $2.97. The stock has a fifty day moving average of $0.72 and a 200-day moving average of $2.11.
Sequans Communications (NYSE:SQNS – Get Free Report) last posted its earnings results 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 firm 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, research analysts forecast that Sequans Communications will post -0.55 EPS for the current fiscal year.
Hedge Funds Weigh In On 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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