WISeKey International (NASDAQ:WKEY) Upgraded at Wall Street Zen

WISeKey International (NASDAQ:WKEY) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

WISeKey International Trading Up 4.9%

WKEY stock opened at $6.46 on Friday. WISeKey International has a fifty-two week low of $1.61 and a fifty-two week high of $14.00. The stock has a fifty day moving average of $5.63 and a 200-day moving average of $5.35.

Institutional Trading of WISeKey International

Institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC purchased a new stake in WISeKey International during the 1st quarter worth about $45,000. SBI Securities Co. Ltd. lifted its holdings in WISeKey International by 62.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock worth $68,000 after purchasing an additional 6,623 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in WISeKey International during the 2nd quarter worth about $81,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

WISeKey International Company Profile

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.