WISeKey International (NASDAQ:WKEY) Upgraded to "Hold" 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 equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

WISeKey International Price Performance

WKEY stock traded up $0.12 during midday trading on Friday, hitting $6.58. The stock had a trading volume of 303,303 shares, compared to its average volume of 307,117. WISeKey International has a 1-year low of $1.61 and a 1-year high of $14.00. The business has a fifty day moving average price of $5.63 and a two-hundred day moving average price of $5.36.

Institutional Trading of WISeKey International

Several institutional investors and hedge funds have recently modified their holdings of WKEY. GAMMA Investing LLC purchased a new stake in WISeKey International in the 1st quarter valued at about $45,000. XTX Topco Ltd purchased a new stake in shares of WISeKey International during the 2nd quarter worth approximately $81,000. Finally, SBI Securities Co. Ltd. increased its stake 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 worth $68,000 after purchasing an additional 6,623 shares during the last quarter. 0.33% of the stock is owned by hedge funds and other 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.