Shares of SEALSQ Corp. (NASDAQ:LAES - Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $4.31, but opened at $4.50. SEALSQ shares last traded at $4.39, with a volume of 7,312,806 shares trading hands.
Analyst Ratings Changes
A number of brokerages have recently commented on LAES. Weiss Ratings reissued a "sell (d-)" rating on shares of SEALSQ in a research note on Saturday, September 27th. Wall Street Zen upgraded shares of SEALSQ from a "sell" rating to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SEALSQ has a consensus rating of "Sell".
Check Out Our Latest Stock Analysis on LAES
SEALSQ Stock Up 7.7%
The company has a debt-to-equity ratio of 0.03, a quick ratio of 7.26 and a current ratio of 7.38. The stock has a 50-day moving average price of $3.10 and a 200-day moving average price of $3.15.
Institutional Investors Weigh In On SEALSQ
Institutional investors have recently modified their holdings of the company. Engineers Gate Manager LP bought a new stake in shares of SEALSQ in the 2nd quarter valued at $47,000. Allworth Financial LP acquired a new position in SEALSQ in the second quarter valued at $47,000. MAI Capital Management bought a new position in shares of SEALSQ in the 2nd quarter worth about $50,000. LaSalle St. Investment Advisors LLC bought a new position in shares of SEALSQ in the 1st quarter worth about $39,000. Finally, WINTON GROUP Ltd bought a new position in shares of SEALSQ in the 2nd quarter worth about $76,000. 1.25% of the stock is owned by institutional investors.
About SEALSQ
(
Get Free Report)
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.
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