Sequans Communications S.A. (NYSE:SQNS - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.44 and traded as high as $3.49. Sequans Communications shares last traded at $3.39, with a volume of 175,608 shares traded.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Sequans Communications from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.
Read Our Latest Report on SQNS
Sequans Communications Price Performance
The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $88.59 million, a PE ratio of 2.51 and a beta of 0.33. The stock has a 50-day moving average price of $3.10 and a 200 day moving average price of $2.45.
Institutional Trading of Sequans Communications
An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas acquired a new position in shares of Sequans Communications S.A. (NYSE:SQNS - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,900,000 shares of the semiconductor company's stock, valued at approximately $3,451,000. Oddo BHF Asset Management Sas owned approximately 11.60% of Sequans Communications at the end of the most recent quarter. 63.33% of the stock is currently owned by institutional investors.
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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