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Sequans Communications (NYSE:SQNS) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Sequans Communications logo with Computer and Technology background

Sequans Communications S.A. (NYSE:SQNS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.31 and traded as high as $5.50. Sequans Communications shares last traded at $4.49, with a volume of 20,208,798 shares traded.

Sequans Communications Stock Down 12.3%

The stock has a market capitalization of $119.98 million, a PE ratio of 2.16 and a beta of 0.44. The firm's fifty day moving average price is $1.83 and its two-hundred day moving average price is $2.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Boothbay Fund Management LLC acquired a new position in Sequans Communications during the 4th quarter valued at about $5,754,000. Groupe la Francaise bought a new stake in shares of Sequans Communications during the 1st quarter worth $988,000. Cigogne Management SA bought a new stake in shares of Sequans Communications during the 4th quarter worth $1,643,000. Credit Industriel ET Commercial acquired a new position in Sequans Communications during the 4th quarter valued at $1,403,000. Finally, AMH Equity Ltd raised its stake in Sequans Communications by 14.8% during the 1st quarter. AMH Equity Ltd now owns 800,000 shares of the semiconductor company's stock valued at $1,680,000 after purchasing an additional 103,058 shares during the last quarter. Hedge funds and other institutional investors own 63.33% of the company's stock.

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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