SEALSQ (NASDAQ:LAES) Stock Price Down 1.2% – Should You Sell?

SEALSQ Corp (NASDAQ:LAES) shares were down 1.2% on Monday . The company traded as low as $2.51 and last traded at $2.55. Approximately 4,471,521 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 14,074,839 shares. The stock had previously closed at $2.58.

SEALSQ Price Performance

The business’s fifty day simple moving average is $2.97 and its two-hundred day simple moving average is $2.53. The company has a debt-to-equity ratio of 3.55, a current ratio of 3.58 and a quick ratio of 3.20.

Hedge Funds Weigh In On SEALSQ

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new position in SEALSQ in the 4th quarter valued at about $79,000. Private Advisor Group LLC purchased a new stake in shares of SEALSQ during the fourth quarter worth $84,000. HUB Investment Partners LLC acquired a new stake in shares of SEALSQ in the fourth quarter valued at about $115,000. Bravias Capital Group LLC purchased a new position in shares of SEALSQ in the fourth quarter worth about $141,000. Finally, Millennium Management LLC acquired a new position in SEALSQ during the fourth quarter worth about $535,000. 1.25% of the stock is owned by hedge funds and other institutional investors.

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.