Sequans Communications SA (NYSE:SQNS)’s share price traded down 11.4% during mid-day trading on Thursday . The stock traded as low as $1.55 and last traded at $1.55. 867,906 shares traded hands during trading, an increase of 74% from the average session volume of 498,467 shares. The stock had previously closed at $1.75.
Several equities analysts recently issued reports on the company. Roth Capital assumed coverage on Sequans Communications in a report on Friday, January 5th. They set a “buy” rating and a $4.00 price objective for the company. B. Riley assumed coverage on Sequans Communications in a report on Wednesday, January 17th. They set a “buy” rating and a $3.25 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $3.00 price objective on shares of Sequans Communications in a report on Monday, January 22nd. Zacks Investment Research cut Sequans Communications from a “hold” rating to a “strong sell” rating in a report on Saturday, January 20th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $3.75 price objective on shares of Sequans Communications in a report on Wednesday, January 17th. Three equities research analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Sequans Communications currently has a consensus rating of “Hold” and an average price target of $3.86.
The stock has a market capitalization of $161.60, a price-to-earnings ratio of -5.00 and a beta of 2.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.17 and a quick ratio of 0.95.
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Sequans Communications Company Profile
Sequans Communications SA is a fabless designer, developer and supplier of fourth Generation long term evolution (4G LTE) semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. Its semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks.
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