WISeKey International’s (WKEY) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of WISeKey International (NASDAQ:WKEY) in a research report report published on Friday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on the company. HC Wainwright upped their target price on WISeKey International from $4.00 to $10.00 and gave the stock a “buy” rating in a research note on Friday, October 10th. Wall Street Zen cut shares of WISeKey International from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Finally, Maxim Group lifted their target price on shares of WISeKey International from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, WISeKey International presently has a consensus rating of “Hold” and an average target price of $10.50.

WISeKey International Price Performance

Shares of NASDAQ:WKEY opened at $10.37 on Friday. The firm has a fifty day moving average price of $6.52 and a two-hundred day moving average price of $5.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96. WISeKey International has a one year low of $1.61 and a one year high of $14.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. lifted its holdings in shares of WISeKey International by 62.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock worth $68,000 after acquiring an additional 6,623 shares during the last quarter. GAMMA Investing LLC bought a new stake in WISeKey International in the first quarter worth $45,000. Finally, XTX Topco Ltd purchased a new stake in WISeKey International during the second quarter valued at about $81,000. 0.33% of the stock is currently owned by institutional investors.

WISeKey International Company Profile

WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions in Switzerland, rest of Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. The company operates in two segments, IoT and Managed Public Key Infrastructure (mPKI). It offers microcontrollers that provides identity to various connected devices; and mPKI, which include digital identity, certificate management and signing solutions, and trust services, as well as offers digital certificates; software as a service, including cloud-based certificate life-cycle-management and signing and authentication solutions; software licenses; post-contract customer support for cybersecurity applications; and infrastructure hosting and monitoring services.