WISeKey International (NASDAQ:WKEY) Shares Down 4.1% – Time to Sell?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY)’s share price traded down 4.1% on Wednesday . The stock traded as low as $7.00 and last traded at $7.02. 62,351 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 101,514 shares. The stock had previously closed at $7.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WISeKey International in a research note on Monday, April 20th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, WISeKey International presently has an average rating of “Hold” and an average price target 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 $8.13 and a 200-day moving average price of $7.72.

WISeKey International (NASDAQ:WKEY) last issued its quarterly earnings results on Thursday, April 2nd. The company reported ($0.06) earnings per share for the quarter. The company had revenue of $7.00 million during the quarter.

Institutional Investors Weigh In On WISeKey International

A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in WISeKey International in the second quarter worth about $81,000. Dynamic Technology Lab Private Ltd purchased a new position in WISeKey International in the 4th quarter worth approximately $107,000. Jump Financial LLC purchased a new position in WISeKey International in the 4th quarter worth approximately $113,000. Two Sigma Investments LP bought a new position in WISeKey International in the 3rd quarter valued at approximately $186,000. Finally, Jane Street Group LLC purchased a new stake in WISeKey International during the 4th quarter valued at $251,000. 0.33% of the stock is owned by hedge funds and other institutional investors.

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.