Taglich Brothers Initiates Coverage on Borqs Technologies (BRQS)

Stock analysts at Taglich Brothers assumed coverage on shares of Borqs Technologies (NASDAQ:BRQS) in a research note issued to investors on Wednesday. The brokerage set a “speculative buy” rating on the stock. Taglich Brothers also issued estimates for Borqs Technologies’ Q2 2018 earnings at ($0.07) EPS, Q3 2018 earnings at ($0.01) EPS, Q4 2018 earnings at $0.00 EPS, Q1 2019 earnings at $0.00 EPS and Q2 2019 earnings at $0.00 EPS.

Borqs Technologies (NASDAQ:BRQS) remained flat at $$6.50 during trading on Wednesday. The stock had a trading volume of 3,993 shares, compared to its average volume of 5,415. Borqs Technologies has a twelve month low of $4.00 and a twelve month high of $10.50.

Borqs Technologies (NASDAQ:BRQS) last posted its quarterly earnings data on Monday, November 20th. The company reported ($0.75) EPS for the quarter.

An institutional investor recently bought a new position in Borqs Technologies stock. Davidson Kempner Capital Management LP bought a new position in shares of Borqs Technologies, Inc. – (NASDAQ:BRQS) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 41,679 shares of the company’s stock, valued at approximately $233,000. Davidson Kempner Capital Management LP owned approximately 0.14% of Borqs Technologies as of its most recent SEC filing. 14.14% of the stock is owned by institutional investors.

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