WISeKey International (NASDAQ:WKEY) Stock Price Up 4.2% – Should You Buy?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) traded up 4.2% during trading on Wednesday . The company traded as high as $7.08 and last traded at $6.92. 40,748 shares were traded during trading, a decline of 7% from the average session volume of 43,967 shares. The stock had previously closed at $6.64.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of WISeKey International in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.50.

WISeKey International Trading Down 2.8%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 12.87 and a current ratio of 12.92. The company’s 50 day moving average price is $6.96 and its 200 day moving average price is $7.32.

Institutional Investors Weigh In On WISeKey International

A number of institutional investors and hedge funds have recently made changes to their positions in WKEY. Jump Financial LLC acquired a new position in shares of WISeKey International during the fourth quarter valued at $113,000. Dynamic Technology Lab Private Ltd bought a new stake in WISeKey International during the 4th quarter worth about $107,000. Jane Street Group LLC bought a new stake in WISeKey International during the 4th quarter worth about $251,000. Two Sigma Investments LP acquired a new position in WISeKey International during the 3rd quarter valued at about $186,000. Finally, XTX Topco Ltd acquired a new position in WISeKey International during the 2nd quarter valued at about $81,000. Institutional investors 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.