WISeKey International (NASDAQ:WKEY) Upgraded at Wall Street Zen

Key Points

• WISeKey International's stock was upgraded from a "sell" rating to a "hold" rating by analysts at Wall Street Zen.
• The stock price increased by 4.9% recently, trading at $6.46 with a fifty-two week range of $1.61 to $14.00.
• Institutional investors have shown increased interest, with GAMMA Investing LLC and SBI Securities Co. Ltd. notably purchasing new stakes in WISeKey International.

WISeKey International (NASDAQ:WKEY - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday.

WISeKey International Price Performance

Shares of WKEY traded down $0.04 during mid-day trading on Friday, hitting $6.33. 71,772 shares of the company traded hands, compared to its average volume of 305,768. WISeKey International has a one year low of $1.61 and a one year high of $14.00. The business has a 50-day moving average of $5.63 and a 200 day moving average of $5.37.

Hedge Funds Weigh In On WISeKey International

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in WISeKey International in the first quarter valued at approximately $45,000. XTX Topco Ltd bought a new position in WISeKey International in the second quarter valued at approximately $81,000. Finally, SBI Securities Co. Ltd. boosted its stake in WISeKey International by 62.1% in the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company's stock valued at $68,000 after acquiring an additional 6,623 shares during the last quarter. 0.33% of the stock is owned by institutional investors.

About WISeKey International

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.