Wall Street Zen upgraded shares of WISeKey International (NASDAQ:WKEY - Free Report) from a sell rating to a hold rating in a report released on Saturday.
Separately, HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of WISeKey International in a report on Wednesday, April 23rd.
Check Out Our Latest Report on WKEY
WISeKey International Trading Up 5.1%
Shares of WISeKey International stock traded up $0.34 on Friday, reaching $6.96. 432,960 shares of the company's stock were exchanged, compared to its average volume of 914,893. The firm's 50-day moving average is $4.40 and its two-hundred day moving average is $5.35. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.96 and a quick ratio of 1.81. WISeKey International has a 52 week low of $1.61 and a 52 week high of $14.00.
Institutional Investors Weigh In On WISeKey International
A number of hedge funds have recently added to or reduced their stakes in WKEY. SBI Securities Co. Ltd. boosted its holdings in shares of WISeKey International by 62.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company's stock valued at $68,000 after purchasing an additional 6,623 shares during the last quarter. GAMMA Investing LLC bought a new position in WISeKey International during the 1st quarter worth about $45,000. Finer Wealth Management Inc. bought a new position in WISeKey International in the fourth quarter worth about $448,000. Finally, Bank of Montreal Can purchased a new position in WISeKey International during the 4th quarter worth $1,037,000. 0.33% of the stock is currently owned by hedge funds and other institutional investors.
About WISeKey International
(
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WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.
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