WISeKey International (NASDAQ:WKEY) Shares Down 3% – Should You Sell?

Shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) were down 3% on Friday . The stock traded as low as $6.93 and last traded at $7.10. Approximately 41,186 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 98,549 shares. The stock had previously closed at $7.32.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WISeKey International in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.50.

WISeKey International Stock Performance

The firm has a 50-day moving average of $7.95 and a 200 day moving average of $8.07. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.96 and a current ratio of 6.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd bought a new stake in WISeKey International in the second quarter valued at $81,000. Two Sigma Investments LP acquired a new stake in shares of WISeKey International in the 3rd quarter valued at about $186,000. Jane Street Group LLC acquired a new stake in shares of WISeKey International in the 4th quarter valued at about $251,000. Dynamic Technology Lab Private Ltd bought a new stake in WISeKey International in the 4th quarter valued at about $107,000. Finally, Jump Financial LLC acquired a new position in WISeKey International during the 4th quarter worth approximately $113,000. 0.33% of the stock is owned by institutional investors.

WISeKey International Company Profile

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.