Sequans Communications S.A. (NYSE:SQNS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.81 and traded as high as $2.98. Sequans Communications shares last traded at $2.88, with a volume of 313,526 shares trading hands.
Wall Street Analysts Forecast Growth
SQNS has been the topic of a number of research reports. StockNews.com upgraded shares of Sequans Communications from a "sell" rating to a "hold" rating in a research report on Wednesday, October 30th. Roth Mkm restated a "buy" rating and issued a $7.50 price target on shares of Sequans Communications in a research note on Monday, August 26th.
Get Our Latest Analysis on SQNS
Sequans Communications Trading Down 2.8 %
The business has a 50 day simple moving average of $2.52 and a two-hundred day simple moving average of $1.82. The company has a market cap of $69.64 million, a PE ratio of -1.75 and a beta of 0.28.
Sequans Communications (NYSE:SQNS - Get Free Report) last released its quarterly earnings data on Friday, August 23rd. The semiconductor company reported ($0.30) earnings per share for the quarter, meeting the consensus estimate of ($0.30). The firm had revenue of $9.68 million during the quarter, compared to analyst estimates of $9.70 million. On average, equities research analysts expect that Sequans Communications S.A. will post -1.48 earnings per share for the current fiscal year.
Sequans Communications Company Profile
(
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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