WISeKey International's (WKEY) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• WISeKey International's stock retains a "Sell (D-)" rating as per Weiss Ratings, indicating ongoing concerns among analysts about the company's performance.
• Despite the negative outlook from Weiss, other analysts like Maxim Group and HC Wainwright have issued "Buy" ratings with increased price targets, suggesting a mixed consensus on the stock.
• WISeKey's recent stock trading performance saw a rise, hitting $10.37, with a significant increase in trading volume compared to its average, indicating heightened investor interest.

WISeKey International (NASDAQ:WKEY - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

WKEY has been the subject of a number of other reports. Maxim Group upped their price target on shares of WISeKey International from $10.00 to $11.00 and gave the stock a "buy" rating in a research report on Monday, September 29th. Wall Street Zen cut shares of WISeKey International from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. Finally, HC Wainwright upped their price target on shares of WISeKey International from $4.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.50.

WISeKey International Stock Performance

Shares of NASDAQ WKEY traded up $1.84 during trading on Friday, hitting $10.37. 831,509 shares of the company traded hands, compared to its average volume of 325,498. WISeKey International has a 1 year low of $1.61 and a 1 year high of $14.00. The company has a 50-day moving average price of $6.42 and a 200-day moving average price of $5.85. The company has a quick ratio of 5.96, a current ratio of 6.05 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On WISeKey International

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new stake in shares of WISeKey International in the 1st quarter valued at about $45,000. XTX Topco Ltd acquired a new stake in shares of WISeKey International in the 2nd quarter valued at about $81,000. Finally, SBI Securities Co. Ltd. raised its stake in shares of WISeKey International by 62.1% in 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 in the last quarter. Institutional investors and hedge funds own 0.33% of the company's stock.

WISeKey International Company Profile

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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