WISeKey International’s (WKEY) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of WISeKey International (NASDAQ:WKEY) in a research note issued to investors on Wednesday morning,Weiss Ratings reports.

Several other analysts also recently issued reports on WKEY. Wall Street Zen downgraded shares of WISeKey International from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. Maxim Group boosted their target price on shares of WISeKey International from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $10.50.

WISeKey International Price Performance

Shares of NASDAQ:WKEY opened at $6.97 on Wednesday. The company’s fifty day moving average is $5.83 and its two-hundred day moving average is $5.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96. WISeKey International has a 12-month low of $1.61 and a 12-month high of $14.00.

Institutional Investors Weigh In On WISeKey International

Large investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in WISeKey International in the first quarter worth $45,000. XTX Topco Ltd bought a new stake in WISeKey International in the second quarter worth $81,000. Finally, SBI Securities Co. Ltd. boosted its holdings in WISeKey International by 62.1% in the first 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 in the last quarter. 0.33% of the stock is currently owned by institutional investors.

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.