Weiss Ratings Reiterates "Sell (E+)" Rating for SEALSQ (NASDAQ:LAES)

Key Points

• Weiss Ratings has reaffirmed a "Sell (E+)" rating for SEALSQ (NASDAQ:LAES), indicating a negative outlook on the stock.
• In contrast, Wall Street Zen upgraded SEALSQ from a "sell" to a "hold" rating on September 13th.
• SEALSQ shares experienced a significant increase of 19.8%, reaching $7.35 during trading on Tuesday, with a notable trading volume of over 86 million shares.

SEALSQ (NASDAQ:LAES - Get Free Report)'s stock had its "sell (e+)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of SEALSQ from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

SEALSQ Trading Up 19.8%

Shares of LAES traded up $1.22 during midday trading on Tuesday, reaching $7.35. The stock had a trading volume of 86,879,181 shares, compared to its average volume of 17,917,041. The company's fifty day simple moving average is $3.39 and its two-hundred day simple moving average is $3.25. SEALSQ has a 1-year low of $0.31 and a 1-year high of $11.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26.

Institutional Trading of SEALSQ

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of SEALSQ by 324.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 76,709 shares of the company's stock valued at $199,000 after acquiring an additional 58,650 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of SEALSQ in the first quarter valued at about $359,000. Rafferty Asset Management LLC purchased a new stake in shares of SEALSQ in the first quarter valued at about $530,000. LaSalle St. Investment Advisors LLC purchased a new stake in shares of SEALSQ in the first quarter valued at about $39,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of SEALSQ by 25.8% in the first quarter. SBI Securities Co. Ltd. now owns 144,561 shares of the company's stock valued at $376,000 after acquiring an additional 29,625 shares in the last quarter. Hedge funds and other 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.

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