SEALSQ (NASDAQ:LAES) Sees Unusually-High Trading Volume – Here’s What Happened

SEALSQ Corp. (NASDAQ:LAES) shares saw unusually-strong trading volume on Friday . Approximately 33,466,278 shares changed hands during trading, an increase of 78% from the previous session’s volume of 18,839,406 shares.The stock last traded at $6.71 and had previously closed at $6.36.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on LAES shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of SEALSQ in a research report on Tuesday, October 14th. Wall Street Zen upgraded shares of SEALSQ from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SEALSQ Stock Up 4.9%

The company has a debt-to-equity ratio of 0.03, a current ratio of 7.38 and a quick ratio of 7.26. The stock’s 50 day simple moving average is $3.73 and its two-hundred day simple moving average is $3.37.

Hedge Funds Weigh In On SEALSQ

A number of institutional investors have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC bought a new position in shares of SEALSQ in the second quarter worth about $7,939,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of SEALSQ by 11.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 584,767 shares of the company’s stock worth $2,357,000 after buying an additional 59,902 shares during the last quarter. Rafferty Asset Management LLC bought a new stake in shares of SEALSQ during the first quarter worth approximately $530,000. SBI Securities Co. Ltd. raised its stake in shares of SEALSQ by 12.2% during the second quarter. SBI Securities Co. Ltd. now owns 162,240 shares of the company’s stock worth $654,000 after buying an additional 17,679 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of SEALSQ during the first quarter worth approximately $359,000. 1.25% of the stock is owned by institutional investors.

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.