WISeKey International (NASDAQ:WKEY) Rating Lowered to Sell at Wall Street Zen

WISeKey International (NASDAQ:WKEY) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Separately, HC Wainwright restated a “buy” rating and issued a $4.00 price target on shares of WISeKey International in a research note on Wednesday, April 23rd.

WISeKey International Trading Down 5.3%

Shares of WKEY stock opened at $5.75 on Friday. The company’s fifty day moving average price is $6.20 and its two-hundred day moving average price is $5.99. WISeKey International has a 12 month low of $1.61 and a 12 month high of $14.00.

Institutional Trading of WISeKey International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can bought a new stake in WISeKey International during the fourth quarter valued at $1,037,000. Finer Wealth Management Inc. bought a new stake in WISeKey International during the fourth quarter valued at $448,000. GAMMA Investing LLC bought a new position in shares of WISeKey International during the first quarter worth about $45,000. Finally, SBI Securities Co. Ltd. grew its position in shares of WISeKey International by 62.1% during the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock worth $68,000 after acquiring an additional 6,623 shares during the last quarter. Institutional investors 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.