Sequans Communications (NYSE:SQNS) Shares Cross Above 200-Day Moving Average – Should You Sell?

Sequans Communications S.A. (NYSE:SQNS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.18 and traded as high as $3.30. Sequans Communications shares last traded at $3.30, with a volume of 136,552 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Sequans Communications from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th.

Sequans Communications Stock 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 stock has a 50-day moving average of $2.82 and a 200 day moving average of $2.19. The stock has a market cap of $84.73 million, a PE ratio of 2.40 and a beta of 0.36.

Institutional Trading of Sequans Communications

An institutional investor recently bought a new position in Sequans Communications stock. Oddo BHF Asset Management Sas purchased a new position in shares of Sequans Communications S.A. (NYSE:SQNS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing. 63.33% of the stock is currently owned by institutional investors and hedge funds.

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.