WISeKey International (NASDAQ:WKEY) Shares Down 1.6% – Here’s What Happened

by · The Markets Daily

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY – Get Free Report) shares were down 1.6% on Wednesday . The stock traded as low as $6.52 and last traded at $6.63. Approximately 12,490 shares traded hands during trading, a decline of 81% from the average session volume of 64,691 shares. The stock had previously closed at $6.74.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of WISeKey International in a research report on Friday, July 17th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, WISeKey International currently has an average rating of “Hold” and an average target price of $10.50.

View Our Latest Analysis on WISeKey International

WISeKey International Trading Down 1.6%

The company has a current ratio of 12.92, a quick ratio of 12.87 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $7.89 and a two-hundred day simple moving average of $7.58.

Institutional Trading of WISeKey International

A number of large investors have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in WISeKey International in the second quarter worth approximately $81,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of WISeKey International in the 4th quarter valued at approximately $107,000. Jump Financial LLC purchased a new stake in shares of WISeKey International in the 4th quarter valued at approximately $113,000. Two Sigma Investments LP acquired a new stake in shares of WISeKey International in the 3rd quarter valued at $186,000. Finally, Jane Street Group LLC acquired a new stake in shares of WISeKey International in the 4th quarter valued at $251,000. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

About WISeKey International

(Get Free Report)

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.

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