Sequans Communications SA ADR (SQNS) Reaches $3.10 After 4.00% Down Move; Shorts at MC ENDVRS (MSMY) Lowered By 75.84%

August 31, 2017 - By Henry Gaston

The stock of Sequans Communications SA ADR (NYSE:SQNS) is a huge mover today! The stock decreased 1.59% or $0.05 during the last trading session, reaching $3.1. About 98,527 shares traded. Sequans Communications SA ADR (NYSE:SQNS) has risen 90.48% since August 31, 2016 and is uptrending. It has outperformed by 73.78% the S&P500.The move comes after 7 months negative chart setup for the $247.26 million company. It was reported on Aug, 31 by Barchart.com. We have $2.98 PT which if reached, will make NYSE:SQNS worth $9.89M less.

MC ENDVRS (OTCMKTS:MSMY) had a decrease of 75.84% in short interest. MSMY’s SI was 3,600 shares in August as released by FINRA. Its down 75.84% from 14,900 shares previously. The stock decreased 34.21% or $0.0013 on August 31, reaching $0.0025. About 16.26 million shares traded or 364.57% up from the average. MC Endeavors Inc (OTCMKTS:MSMY) has 0.00% since August 31, 2016 and is . It has underperformed by 16.70% the S&P500.

MC Endeavors, Inc. is a global smart-home builder and self-sustaining community developer of natural disaster resistant building systems that utilize steel framing or steel shipping containers with rigid closed-cell foam insulation instead of conventional wood framing and rolled fiberglass. The company has market cap of $907,800. MCE integrates green technologies, including solar, wind, and biogas powered generators that are for durable transportable oil field rig-shacks. It currently has negative earnings. The Firm also provides water and soil biodegradable-remediation from oil, chemical and sewage spills after natural or manmade environmental events with its patent pending DualZorb, PondZorb and AcidZorb products.

Sequans Communications S.A. is a fabless designer, developer and supplier of fourth Generation long term evolution semiconductor solutions for wireless broadband applications, with a specific focus on the single-mode device market. The company has market cap of $247.26 million. The Company’s semiconductor solutions integrate baseband processor and radio frequency (RF) transceiver integrated circuits (ICs) along with its signal processing techniques, algorithms and software stacks. It currently has negative earnings. In the broadband data device market, its solutions serve as the wireless communications platform in devices, such as smartphones; Universal Serial Bus (USB) dongles; portable routers; embedded wireless modems for laptops, tablets, and other consumer multimedia devices; and customer-premises equipment, such as fixed wireless access modems, routers and residential gateways.

Among 4 analysts covering Sequans Communications (NYSE:SQNS), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Sequans Communications had 10 analyst reports since February 8, 2016 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, August 2 by B. Riley & Co. The company was initiated on Tuesday, May 17 by Canaccord Genuity. Needham maintained it with “Buy” rating and $3.20 target in Monday, February 8 report. On Tuesday, August 1 the stock rating was maintained by Needham with “Buy”. Northland Capital maintained Sequans Communications SA ADR (NYSE:SQNS) rating on Thursday, July 20. Northland Capital has “Buy” rating and $500 target. The firm has “Buy” rating by B. Riley & Co given on Friday, March 18. B. Riley & Co maintained the shares of SQNS in report on Friday, August 25 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and $600 target in Wednesday, August 9 report.