Sequans Communications (SQNS) Reaches New 52-Week Low at $1.04

Share on StockTwits

Shares of Sequans Communications SA (NYSE:SQNS) reached a new 52-week low on Tuesday . The company traded as low as $1.04 and last traded at $1.04, with a volume of 10200 shares traded. The stock had previously closed at $1.32.

A number of analysts have weighed in on SQNS shares. Needham & Company LLC decreased their price objective on Sequans Communications from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Zacks Investment Research cut Sequans Communications from a “hold” rating to a “sell” rating in a research report on Friday, July 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Sequans Communications presently has an average rating of “Buy” and an average target price of $3.19.

The company has a quick ratio of 0.88, a current ratio of 1.06 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $107.23 million, a price-to-earnings ratio of -3.29 and a beta of 2.10.

Sequans Communications (NYSE:SQNS) last posted its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.01). Sequans Communications had a negative return on equity of 298.34% and a negative net margin of 67.53%. The company had revenue of $12.70 million for the quarter, compared to analyst estimates of $13.49 million. During the same period in the previous year, the business posted ($0.06) earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year. On average, research analysts predict that Sequans Communications SA will post -0.27 EPS for the current year.

A number of institutional investors have recently bought and sold shares of SQNS. FNY Investment Advisers LLC acquired a new stake in Sequans Communications during the 2nd quarter worth approximately $164,000. Banque Pictet & Cie SA acquired a new stake in shares of Sequans Communications in the 2nd quarter valued at approximately $326,000. Gradient Investments LLC lifted its holdings in shares of Sequans Communications by 29.3% in the 2nd quarter. Gradient Investments LLC now owns 452,031 shares of the semiconductor company’s stock valued at $922,000 after buying an additional 102,559 shares during the period. Numen Capital LLP lifted its holdings in shares of Sequans Communications by 55.3% in the 2nd quarter. Numen Capital LLP now owns 664,830 shares of the semiconductor company’s stock valued at $1,355,000 after buying an additional 236,830 shares during the period. Finally, Divisar Capital Management LLC lifted its holdings in shares of Sequans Communications by 35.4% in the 2nd quarter. Divisar Capital Management LLC now owns 4,759,354 shares of the semiconductor company’s stock valued at $9,709,000 after buying an additional 1,244,955 shares during the period. 36.52% of the stock is owned by institutional investors.

About Sequans Communications (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.

Featured Article: Investing in Dividend Stocks

Receive News & Ratings for Sequans Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequans Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply