WISeKey International (NASDAQ:WKEY) Shares Down 3.9% – Here’s Why

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) shares traded down 3.9% on Monday . The company traded as low as $6.05 and last traded at $6.11. Approximately 33,623 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 30,648 shares. The stock had previously closed at $6.36.

Analysts Set New Price Targets

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

WISeKey International Trading Down 3.9%

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 business’s 50 day moving average is $6.52 and its two-hundred day moving average is $7.19.

About WISeKey International

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.