SEALSQ (NASDAQ:LAES) Shares Down 1.2% – What’s Next?

Shares of SEALSQ Corp (NASDAQ:LAES) were down 1.2% on Monday . The company traded as low as $2.51 and last traded at $2.55. Approximately 4,471,521 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 14,074,839 shares. The stock had previously closed at $2.58.

SEALSQ Stock Performance

The company has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.53. The company has a debt-to-equity ratio of 3.55, a current ratio of 3.58 and a quick ratio of 3.20.

Hedge Funds Weigh In On SEALSQ

Several institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC bought a new position in SEALSQ during the 4th quarter worth approximately $84,000. SBI Securities Co. Ltd. acquired a new stake in SEALSQ in the fourth quarter worth $707,000. HUB Investment Partners LLC bought a new position in shares of SEALSQ during the fourth quarter worth $115,000. Bravias Capital Group LLC bought a new position in shares of SEALSQ during the fourth quarter worth $141,000. Finally, Millennium Management LLC acquired a new position in shares of SEALSQ in the 4th quarter valued at $535,000. 1.25% of the stock is currently owned by institutional investors and hedge funds.

SEALSQ Company Profile

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.