Shares of Sequans Communications S.A. (NYSE:SQNS - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.52 and traded as high as $3.25. Sequans Communications shares last traded at $3.07, with a volume of 62,820 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised shares of Sequans Communications from a "sell" rating to a "hold" rating in a research report on Tuesday, November 12th.
Check Out Our Latest Research Report on SQNS
Sequans Communications Stock Down 3.5 %
The stock has a market capitalization of $75.72 million, a PE ratio of 2.15 and a beta of 0.36. The company has a current ratio of 1.36, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The company's 50-day moving average is $3.16 and its 200 day moving average is $2.55.
Hedge Funds Weigh In On Sequans Communications
An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas acquired a new stake in Sequans Communications S.A. (NYSE:SQNS - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,900,000 shares of the semiconductor company's stock, valued at approximately $3,451,000. Oddo BHF Asset Management Sas owned about 11.60% of Sequans Communications as of its most recent SEC filing. Hedge funds and other institutional investors own 63.33% of the company's stock.
About Sequans Communications
(
Get Free Report)
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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