WISeKey International Holding AG (NASDAQ:WKEY - Get Free Report) shares traded down 4.6% on Tuesday . The company traded as low as $6.00 and last traded at $6.25. 263,033 shares were traded during mid-day trading, a decline of 71% from the average session volume of 909,063 shares. The stock had previously closed at $6.55.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of WISeKey International from a "sell" rating to a "hold" rating in a research report on Saturday. HC Wainwright reaffirmed a "buy" rating and set a $4.00 price target on shares of WISeKey International in a report on Wednesday, April 23rd.
View Our Latest Stock Analysis on WKEY
WISeKey International Price Performance
The firm's 50 day moving average price is $4.40 and its two-hundred day moving average price is $5.35. The company has a current ratio of 1.96, a quick ratio of 1.81 and a debt-to-equity ratio of 0.62.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of WISeKey International during the fourth quarter worth $97,000. Bank of Montreal Can acquired a new position in WISeKey International in the 4th quarter valued at $1,037,000. Finer Wealth Management Inc. purchased a new stake in shares of WISeKey International during the 4th quarter worth $448,000. Finally, GAMMA Investing LLC acquired a new stake in shares of WISeKey International in the first quarter valued at about $45,000. 0.33% of the stock is currently owned by hedge funds and other institutional investors.
About WISeKey International
(
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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