MAI Capital Management Buys Shares of 12,500 SEALSQ Corp. $LAES

MAI Capital Management purchased a new position in SEALSQ Corp. (NASDAQ:LAES) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 12,500 shares of the company’s stock, valued at approximately $50,000.

Several other institutional investors and hedge funds have also made changes to their positions in LAES. LaSalle St. Investment Advisors LLC acquired a new position in shares of SEALSQ during the first quarter valued at approximately $39,000. Virtu Financial LLC acquired a new position in shares of SEALSQ during the 1st quarter valued at $359,000. Rafferty Asset Management LLC bought a new stake in shares of SEALSQ in the 1st quarter worth $530,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of SEALSQ in the first quarter valued at $1,365,000. Finally, Curbstone Financial Management Corp acquired a new stake in shares of SEALSQ in the second quarter valued at $149,000. 1.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on LAES shares. Wall Street Zen raised SEALSQ from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SEALSQ in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

SEALSQ Price Performance

Shares of NASDAQ LAES opened at $4.47 on Friday. The company has a quick ratio of 7.26, a current ratio of 7.38 and a debt-to-equity ratio of 0.03. SEALSQ Corp. has a 12 month low of $0.35 and a 12 month high of $11.00. The business has a fifty day simple moving average of $5.24 and a 200-day simple moving average of $4.00.

SEALSQ Company Profile

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.