WISeKey International (NASDAQ:WKEY) Shares Up 4.2% – Time to Buy?

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

Analyst Ratings Changes

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

WISeKey International Trading Up 4.2%

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 stock’s 50 day moving average is $6.99 and its two-hundred day moving average is $7.33.

Institutional Trading of WISeKey International

Large investors have recently bought and sold shares of the stock. Jump Financial LLC acquired a new position in WISeKey International during the fourth quarter worth $113,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of WISeKey International in the 4th quarter valued at $107,000. Jane Street Group LLC bought a new stake in shares of WISeKey International in the 4th quarter worth about $251,000. Two Sigma Investments LP bought a new position in WISeKey International during the 3rd quarter valued at about $186,000. Finally, XTX Topco Ltd bought a new stake in WISeKey International during the second quarter worth about $81,000. 0.33% of the stock is currently owned by institutional investors.

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.