WISeKey International (NASDAQ:WKEY) Stock Price Up 4.2% – What’s Next?

Shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) rose 4.2% during trading on Wednesday . The stock traded as high as $7.08 and last traded at $6.92. Approximately 40,748 shares changed hands during trading, a decline of 7% from the average session volume of 43,967 shares. The stock had previously closed at $6.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of WISeKey International in a research note on Friday, July 17th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, WISeKey International currently has an average rating of “Hold” and a consensus target price of $10.50.

WISeKey International Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 12.92 and a quick ratio of 12.87. The firm has a 50-day moving average price of $6.99 and a two-hundred day moving average price of $7.33.

Institutional Trading of WISeKey International

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

WISeKey International Company Profile

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.