Sequans Communications (NYSE:SQNS) Stock Rating Upgraded by Wall Street Zen

Sequans Communications (NYSE:SQNS - Get Free Report) was upgraded by analysts at Wall Street Zen to a "hold" rating in a report issued on Friday.

Sequans Communications Trading Down 3.1%

Sequans Communications stock traded down $0.08 during mid-day trading on Friday, hitting $2.36. The stock had a trading volume of 2,878,552 shares, compared to its average volume of 1,221,450. The stock has a 50-day simple moving average of $2.06 and a two-hundred day simple moving average of $2.32. The stock has a market capitalization of $59.79 million, a PE ratio of 1.08 and a beta of 0.44. Sequans Communications has a 12 month low of $1.15 and a 12 month high of $5.83.

Institutional Trading of Sequans Communications

A number of hedge funds and other institutional investors have recently modified their holdings of SQNS. AMH Equity Ltd boosted its stake in Sequans Communications by 14.8% during the first quarter. AMH Equity Ltd now owns 800,000 shares of the semiconductor company's stock worth $1,680,000 after acquiring an additional 103,058 shares in the last quarter. Boothbay Fund Management LLC bought a new stake in shares of Sequans Communications during the 4th quarter valued at $5,754,000. Two Sigma Investments LP bought a new position in shares of Sequans Communications in the 4th quarter worth $205,000. Marshall Wace LLP grew its position in Sequans Communications by 473.3% during the fourth quarter. Marshall Wace LLP now owns 112,187 shares of the semiconductor company's stock valued at $392,000 after acquiring an additional 92,620 shares during the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of Sequans Communications during the fourth quarter valued at about $218,000. Institutional investors own 63.33% of the company's stock.

Sequans Communications Company Profile

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.