StockNews.com upgraded shares of Sequans Communications (NYSE:SQNS – Free Report) to a sell rating in a research report report published on Friday.
Sequans Communications Price Performance
Shares of SQNS opened at $0.53 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.35. Sequans Communications has a one year low of $0.34 and a one year high of $2.97. The stock has a 50-day moving average of $0.77 and a 200-day moving average of $2.13.
Sequans Communications (NYSE:SQNS – Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The semiconductor company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.08). The company had revenue of $4.77 million for the quarter. Sequans Communications had a negative net margin of 122.10% and a negative return on equity of 1,218.46%. On average, sell-side analysts anticipate that Sequans Communications will post -0.55 earnings per share 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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