SEALSQ (NASDAQ:LAES) Shares Gap Up – Here’s Why

SEALSQ Corp (NASDAQ:LAES) gapped up before the market opened on Thursday . The stock had previously closed at $6.15, but opened at $6.86. SEALSQ shares last traded at $8.22, with a volume of 47,343,073 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Maxim Group dropped their price objective on shares of SEALSQ from $2.25 to $1.75 and set a “buy” rating on the stock in a report on Friday, September 27th.

SEALSQ Price Performance

The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58. The company’s fifty day moving average price is $1.72 and its two-hundred day moving average price is $0.99.

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.