WISeKey International Holding AG (NASDAQ:WKEY - Get Free Report)'s share price dropped 4.6% on Tuesday . The company traded as low as $6.00 and last traded at $6.25. Approximately 263,033 shares changed hands during trading, a decline of 71% from the average daily volume of 909,063 shares. The stock had previously closed at $6.55.
Wall Street Analyst Weigh In
Separately, HC Wainwright reiterated a "buy" rating and set a $4.00 price objective on shares of WISeKey International in a report on Wednesday, April 23rd.
Read Our Latest Research Report on WKEY
WISeKey International Stock Down 4.6%
The firm has a fifty day moving average price of $4.26 and a 200 day moving average price of $5.20. The company has a current ratio of 1.96, a quick ratio of 1.81 and a debt-to-equity ratio of 0.62.
Hedge Funds Weigh In On WISeKey International
Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of WISeKey International in the 4th quarter valued at $97,000. GAMMA Investing LLC acquired a new position in shares of WISeKey International in the 1st quarter valued at $45,000. Finer Wealth Management Inc. acquired a new position in shares of WISeKey International in the 4th quarter valued at $448,000. Finally, Bank of Montreal Can acquired a new position in shares of WISeKey International in the 4th quarter valued at $1,037,000. 0.33% of the stock is owned by institutional investors and hedge funds.
WISeKey International Company Profile
(
Get Free Report)
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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