Sequans Communications (NYSE:SQNS) Shares Cross Above 200-Day Moving Average - Time to Sell?

Sequans Communications S.A. (NYSE:SQNS - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.09 and traded as high as $3.14. Sequans Communications shares last traded at $3.03, with a volume of 27,197 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SQNS shares. Roth Mkm reaffirmed a "buy" rating and set a $7.50 price objective on shares of Sequans Communications in a research report on Monday, August 26th. StockNews.com raised Sequans Communications from a "sell" rating to a "hold" rating in a research note on Tuesday, November 12th.

Sequans Communications Trading Down 1.3 %

The company's 50 day moving average price is $2.69 and its two-hundred day moving average price is $2.09. The firm has a market cap of $74.72 million, a PE ratio of 2.15 and a beta of 0.36. The company has a quick ratio of 1.33, a current ratio of 1.36 and a debt-to-equity ratio of 0.01.

Institutional Trading of Sequans Communications

An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas bought a new stake in shares of Sequans Communications S.A. (NYSE:SQNS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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 filing with the Securities & Exchange Commission. 63.33% of the stock is owned by hedge funds and other institutional investors.

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.