Sequans Communications SA (NYSE:SQNS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.86. Sequans Communications shares last traded at $0.86, with a volume of 2,498 shares.
Several research analysts have issued reports on the company. Zacks Investment Research lowered Sequans Communications from a “hold” rating to a “sell” rating in a research note on Saturday, August 3rd. Roth Capital increased their price objective on Sequans Communications from $2.50 to $3.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $2.23.
The stock has a 50 day simple moving average of $0.90. The company has a market cap of $68.01 million, a PE ratio of -2.33 and a beta of 2.80.
An institutional investor recently raised its position in Sequans Communications stock. AWM Investment Company Inc. lifted its holdings in shares of Sequans Communications SA (NYSE:SQNS) by 1.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,370,202 shares of the semiconductor company’s stock after purchasing an additional 155,418 shares during the period. Sequans Communications accounts for about 1.6% of AWM Investment Company Inc.’s portfolio, making the stock its 23rd largest position. AWM Investment Company Inc. owned 11.71% of Sequans Communications worth $8,466,000 as of its most recent SEC filing. Institutional investors own 36.21% of the company’s stock.
Sequans Communications Company Profile (NYSE:SQNS)
Sequans Communications SA, together with its subsidiaries, engages in fabless designing, developing, and supplying 4G LTE semiconductor solutions for wireless broadband and Internet of Things applications. Its solutions incorporate baseband processor and radio frequency (RF) transceiver integrated circuits along with proprietary signal processing techniques, algorithms, and software stacks.
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