WISeKey International (NASDAQ:WKEY) Shares Up 12.1% – Time to Buy?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) rose 12.1% on Monday . The company traded as high as $8.90 and last traded at $8.81. Approximately 322,472 shares were traded during trading, a decline of 32% from the average daily volume of 473,749 shares. The stock had previously closed at $7.86.

Analyst Ratings Changes

WKEY has been the subject of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of WISeKey International in a report on Wednesday, October 8th. Wall Street Zen lowered shares of WISeKey International from a “hold” rating to a “sell” rating in a research note on Friday, October 3rd. HC Wainwright raised their target price on shares of WISeKey International from $4.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, October 10th. Finally, Maxim Group upped their price target on shares of WISeKey International from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, WISeKey International presently has an average rating of “Hold” and an average price target of $10.50.

WISeKey International Trading Up 12.1%

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96. The business’s 50-day moving average price is $9.29 and its 200-day moving average price is $7.14.

Institutional Trading of WISeKey International

A hedge fund recently bought a new stake in WISeKey International stock. XTX Topco Ltd bought a new position in shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 12,303 shares of the company’s stock, valued at approximately $81,000. XTX Topco Ltd owned about 0.15% of WISeKey International at the end of the most recent reporting period. 0.33% of the stock is currently owned by hedge funds and other institutional investors.

About WISeKey International

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.