WISeKey International (NASDAQ:WKEY) Shares Up 12.1% – Still a Buy?

WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY)’s stock price shot up 12.1% during trading on Monday . The company traded as high as $8.90 and last traded at $8.81. 322,472 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 473,749 shares. The stock had previously closed at $7.86.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. HC Wainwright boosted their target price on shares of WISeKey International from $4.00 to $10.00 and gave the stock a “buy” rating in a report on Friday, October 10th. Wall Street Zen downgraded WISeKey International from a “hold” rating to a “sell” rating in a research report on Friday, October 3rd. Maxim Group lifted their target price on WISeKey International from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of WISeKey International in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.50.

WISeKey International Stock Performance

The business has a 50 day simple moving average of $9.29 and a two-hundred day simple moving average of $7.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.05 and a quick ratio of 5.96.

Institutional Investors Weigh In On WISeKey International

An institutional investor recently bought a new position in WISeKey International stock. Two Sigma Investments LP bought a new position in shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,320 shares of the company’s stock, valued at approximately $186,000. Two Sigma Investments LP owned 0.36% of WISeKey International as of its most recent filing with the Securities and Exchange Commission (SEC). 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.