SEALSQ (NASDAQ:LAES) Trading Down 2% - Time to Sell?

Shares of SEALSQ Corp. (NASDAQ:LAES - Get Free Report) dropped 2% during mid-day trading on Wednesday . The company traded as low as $3.72 and last traded at $3.89. Approximately 11,837,010 shares were traded during trading, a decline of 30% from the average daily volume of 16,822,693 shares. The stock had previously closed at $3.97.

SEALSQ Price Performance

The company has a current ratio of 6.00, a quick ratio of 5.91 and a debt-to-equity ratio of 0.04. The stock's fifty day simple moving average is $3.45 and its 200-day simple moving average is $3.62.

Institutional Investors Weigh In On SEALSQ

Several hedge funds have recently made changes to their positions in LAES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in SEALSQ in the first quarter worth about $1,365,000. Rafferty Asset Management LLC acquired a new position in SEALSQ in the first quarter worth about $530,000. Virtu Financial LLC acquired a new position in SEALSQ in the first quarter worth about $359,000. LaSalle St. Investment Advisors LLC acquired a new position in SEALSQ in the first quarter worth about $39,000. Finally, SBI Securities Co. Ltd. raised its position in SEALSQ by 25.8% in the first quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock worth $376,000 after purchasing an additional 29,625 shares in the last quarter. Institutional investors own 1.25% of the company's stock.

About SEALSQ

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.