WISeKey International (NASDAQ:WKEY) Trading Down 8.6% – Should You Sell?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) was down 8.6% on Thursday . The stock traded as low as $6.28 and last traded at $6.35. Approximately 169,028 shares changed hands during trading, a decline of 4% from the average daily volume of 176,893 shares. The stock had previously closed at $6.95.

Wall Street Analyst Weigh In

A number of equities analysts have commented on WKEY shares. Weiss Ratings restated a “sell (d-)” rating on shares of WISeKey International in a research report on Wednesday, January 21st. HC Wainwright lifted their price target on WISeKey International from $4.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, WISeKey International has an average rating of “Hold” and a consensus target price of $10.50.

WISeKey International Stock Performance

The business’s 50-day simple moving average is $8.34 and its two-hundred day simple moving average is $7.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.96 and a current ratio of 6.05.

Institutional Trading of WISeKey International

An institutional investor recently bought a new position in WISeKey International stock. Two Sigma Investments LP bought a new stake in shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 29,320 shares of the company’s stock, valued at approximately $186,000. Two Sigma Investments LP owned about 0.36% of WISeKey International at the end of the most recent quarter. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

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.