WISeKey International (NASDAQ:WKEY) Shares Down 4.1% – Should You Sell?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY)’s stock price traded down 4.1% on Wednesday . The stock traded as low as $7.00 and last traded at $7.02. 62,351 shares changed hands during trading, a decline of 39% from the average session volume of 101,514 shares. The stock had previously closed at $7.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WISeKey International in a research note on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, WISeKey International has an average rating of “Hold” and an average price target of $10.50.

WISeKey International Trading Down 4.1%

The business’s fifty day simple moving average is $8.13 and its 200-day simple moving average is $7.72. The company has a current ratio of 12.92, a quick ratio of 12.87 and a debt-to-equity ratio of 0.01.

WISeKey International (NASDAQ:WKEY) last announced its quarterly earnings results on Thursday, April 2nd. The company reported ($0.06) earnings per share for the quarter. The firm had revenue of $7.00 million during the quarter.

Institutional Trading of WISeKey International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd bought a new position in WISeKey International in the second quarter valued at $81,000. Dynamic Technology Lab Private Ltd bought a new position in shares of WISeKey International during the 4th quarter valued at about $107,000. Jump Financial LLC purchased a new position in shares of WISeKey International during the 4th quarter valued at about $113,000. Two Sigma Investments LP bought a new stake in WISeKey International in the 3rd quarter worth approximately $186,000. Finally, Jane Street Group LLC purchased a new stake in WISeKey International in the fourth quarter worth approximately $251,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

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.