SEALSQ (NASDAQ:LAES) Trading Down 2.6%

SEALSQ Corp (NASDAQ:LAESGet Free Report) shares dropped 2.6% on Tuesday . The stock traded as low as $0.77 and last traded at $0.79. Approximately 91,564 shares changed hands during trading, a decline of 97% from the average daily volume of 3,063,106 shares. The stock had previously closed at $0.81.

SEALSQ Stock Performance

The stock’s fifty day moving average is $1.04 and its two-hundred day moving average is $1.51. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.72 and a current ratio of 2.33.

Institutional Investors Weigh In On SEALSQ

An institutional investor recently bought a new position in SEALSQ stock. Anson Funds Management LP purchased a new stake in SEALSQ Corp (NASDAQ:LAESFree Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 649,533 shares of the company’s stock, valued at approximately $1,007,000. Anson Funds Management LP owned approximately 3.83% of SEALSQ as of its most recent SEC filing. 1.25% of the stock is currently owned by institutional investors.

SEALSQ Company Profile

(Get Free Report)

SEALSQ Corp, together with its subsidiaries, designs, develops, and markets semiconductor chips in Europe, the Middle East, Africa, North America, the Asia Pacific, and Latin America. It offers semiconductors, such as VaultIC secure elements, secure arm platform, and smart card reader chips; identity provisioning services, such as IoT device provisioning and chip provisioning; and managed PKI for IoT solutions and trust services.

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