WISeKey International (NASDAQ:WKEY) Stock Price Down 4.4% – What’s Next?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) traded down 4.4% during trading on Monday . The company traded as low as $5.32 and last traded at $5.46. 212,705 shares were traded during mid-day trading, an increase of 110% from the average session volume of 101,491 shares. The stock had previously closed at $5.71.

Analyst Ratings Changes

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

WISeKey International Stock Down 4.4%

The firm has a 50-day moving average of $7.17 and a two-hundred day moving average of $8.31. The company has a current ratio of 6.05, a quick ratio of 5.96 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On WISeKey International

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

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.