WISeKey International (NASDAQ:WKEY) Trading Down 1.6% – Should You Sell?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY)’s stock price traded down 1.6% during trading on Wednesday . The stock traded as low as $6.52 and last traded at $6.63. 12,490 shares traded hands during trading, a decline of 81% from the average session volume of 64,691 shares. The stock had previously closed at $6.74.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WISeKey International in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, WISeKey International currently has a consensus rating of “Hold” and an average price target of $10.50.

WISeKey International Stock Performance

The firm’s 50 day moving average is $7.83 and its two-hundred day moving average is $7.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.87 and a current ratio of 12.92.

Institutional Trading of WISeKey International

Several hedge funds have recently bought and sold shares of WKEY. Jane Street Group LLC acquired a new position in shares of WISeKey International in the fourth quarter valued at approximately $251,000. Two Sigma Investments LP acquired a new stake in shares of WISeKey International during the third quarter worth $186,000. Jump Financial LLC bought a new stake in WISeKey International in the 4th quarter valued at $113,000. Dynamic Technology Lab Private Ltd acquired a new position in WISeKey International in the 4th quarter worth $107,000. Finally, XTX Topco Ltd acquired a new position in WISeKey International in the 2nd quarter worth $81,000. 0.33% of the stock is currently owned by institutional investors and hedge funds.

About WISeKey International

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.