HC Wainwright Reiterates Buy Rating for WISeKey International (NASDAQ:WKEY)

WISeKey International (NASDAQ:WKEY)‘s stock had its “buy” rating reaffirmed by research analysts at HC Wainwright in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $4.00 target price on the stock. HC Wainwright’s target price indicates a potential upside of 3.90% from the company’s previous close.

WISeKey International Stock Down 1.3 %

Shares of NASDAQ:WKEY opened at $3.85 on Wednesday. WISeKey International has a 52-week low of $1.61 and a 52-week high of $14.00. The company has a current ratio of 1.96, a quick ratio of 1.81 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $4.30 and a 200 day simple moving average of $4.85.

Institutional Investors Weigh In On WISeKey International

Several hedge funds have recently added to or reduced their stakes in WKEY. GAMMA Investing LLC acquired a new stake in shares of WISeKey International during the 1st quarter worth about $45,000. SBI Securities Co. Ltd. bought a new stake in shares of WISeKey International during the fourth quarter worth approximately $97,000. Finer Wealth Management Inc. bought a new stake in shares of WISeKey International during the fourth quarter worth approximately $448,000. Finally, Bank of Montreal Can bought a new position in shares of WISeKey International during the fourth quarter worth approximately $1,037,000. Institutional investors and hedge funds own 0.33% of the company’s stock.

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.