From MarketBeat:

GABELLI & Co INVESTMENT ADVISERS INC. recently purchased 209,950 shares of Sequans Communications stock, valued at approximately $594,000. They now own approximately 0.35% of the company. Other hedge funds, such as Belvedere Trading LLC and Millennium Management LLC, have also made recent investments in the company. 64.71% of the stock is currently owned by hedge funds and other institutional investors.

Sequans Communications stock traded down $0.02 during mid-day trading on Monday, reaching $2.90. The company has a market capitalization of $176.58 million, a PE ratio of -5.60, and a debt-to-equity ratio of 0.21. The company reported ($0.14) earnings per share for the last quarter and had a negative net margin of 64.06%. It has a 12 month low of $1.86 and a 12 month high of $3.25.

Sequans Communications SA engages in the designing and supplying of cellular semiconductor solutions for massive and broadband Internet of Things (IoT) markets across various countries, including the United States. Its products include baseband solutions, RF transceivers, SoC solutions, and LTE modules.

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Read more: GABELLI & Co INVESTMENT ADVISERS INC. Takes $594,000 Position in Sequans Communications S.A. (NYSE:SQNS)