WISeKey International (NASDAQ:WKEY) Shares Down 1.6% – Time to Sell?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY)’s stock price traded down 1.6% during trading on Wednesday . The stock traded as low as $6.52 and last traded at $6.63. 12,490 shares were traded during mid-day trading, a decline of 81% from the average session volume of 64,691 shares. The stock had previously closed at $6.74.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WISeKey International in a report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.50.

WISeKey International Stock Performance

The company has a quick ratio of 12.87, a current ratio of 12.92 and a debt-to-equity ratio of 0.01. The company’s 50 day simple moving average is $7.89 and its 200 day simple moving average is $7.58.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of WKEY. Jump Financial LLC purchased a new position in shares of WISeKey International in the 4th quarter valued at $113,000. Jane Street Group LLC purchased a new stake in WISeKey International in the fourth quarter valued at $251,000. Two Sigma Investments LP purchased a new stake in WISeKey International in the third quarter valued at $186,000. Dynamic Technology Lab Private Ltd acquired a new position in WISeKey International in the fourth quarter valued at $107,000. Finally, XTX Topco Ltd acquired a new position in WISeKey International in the second quarter valued at $81,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

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.