SEALSQ (NASDAQ:LAES) Stock Price Down 2.5% - Time to Sell?

Key Points

• SEALSQ Corp.'s stock price declined by 2.5% to $2.74, with trade volume dropping by 23% compared to its average session.
• Institutional investors have made notable purchases, with several firms acquiring new stakes in SEALSQ, leading to hedge funds owning only 1.25% of the company's stock.
• SEALSQ designs and markets semiconductor chips and related services, targeting multiple global regions including North America and Europe.

SEALSQ Corp. (NASDAQ:LAES - Get Free Report)'s stock price was down 2.5% during trading on Thursday . The company traded as low as $2.67 and last traded at $2.74. Approximately 7,643,730 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 9,940,099 shares. The stock had previously closed at $2.81.

SEALSQ Stock Down 2.2%

The company has a debt-to-equity ratio of 0.04, a current ratio of 6.00 and a quick ratio of 5.91. The stock has a 50-day moving average price of $3.60 and a 200 day moving average price of $3.19.

Institutional Investors Weigh In On SEALSQ

A number of institutional investors have recently added to or reduced their stakes in LAES. LaSalle St. Investment Advisors LLC purchased a new stake in SEALSQ during the first quarter valued at about $39,000. Allworth Financial LP acquired a new position in shares of SEALSQ in the second quarter worth about $47,000. Geode Capital Management LLC acquired a new stake in SEALSQ during the fourth quarter valued at approximately $79,000. Meridian Wealth Management LLC acquired a new stake in SEALSQ during the second quarter valued at approximately $103,000. Finally, Curbstone Financial Management Corp acquired a new stake in SEALSQ during the second quarter valued at approximately $149,000. Hedge funds and other institutional investors own 1.25% of the company's stock.

SEALSQ Company Profile

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.