Sequans Communications (NYSE:SQNS) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

Sequans Communications S.A. (NYSE:SQNS - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.73 and traded as high as $2.45. Sequans Communications shares last traded at $2.37, with a volume of 14,284 shares traded.

Analyst Upgrades and Downgrades

SQNS has been the topic of several research analyst reports. Roth Mkm reaffirmed a "buy" rating and set a $7.50 price objective on shares of Sequans Communications in a research note on Monday, August 26th. StockNews.com started coverage on Sequans Communications in a report on Tuesday, October 8th. They set a "sell" rating for the company.

Sequans Communications Stock Down 3.0 %

The firm's 50-day moving average is $2.41 and its two-hundred day moving average is $1.73.

Sequans Communications (NYSE:SQNS - Get Free Report) last posted its quarterly earnings results on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.30). The firm had revenue of $9.68 million during the quarter, compared to the consensus estimate of $9.70 million. On average, analysts expect that Sequans Communications S.A. will post -1.48 earnings per share for the current fiscal year.

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.