WISeKey International (NASDAQ:WKEY) Price Target Raised to $11.00 at Maxim Group

WISeKey International (NASDAQ:WKEY) had its price target lifted by Maxim Group from $10.00 to $11.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Separately, Wall Street Zen raised shares of WISeKey International from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $7.50.

WISeKey International Stock Performance

NASDAQ WKEY opened at $6.59 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96. The company has a fifty day simple moving average of $5.65 and a 200 day simple moving average of $5.43. WISeKey International has a 12-month low of $1.61 and a 12-month high of $14.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in 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 purchasing an additional 6,623 shares during the last quarter. XTX Topco Ltd bought a new position in shares of WISeKey International in the second quarter valued at approximately $81,000. Finally, GAMMA Investing LLC bought a new position in shares of WISeKey International in the first quarter valued at approximately $45,000. 0.33% of the stock is owned by institutional investors.

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.