WISeKey International (NASDAQ:WKEY) Stock Price Down 3.9% – Should You Sell?

Shares of WISeKey International Holding Ltd. Sponsored ADR (NASDAQ:WKEY) traded down 3.9% on Monday . The stock traded as low as $6.05 and last traded at $6.11. 33,623 shares traded hands during trading, an increase of 10% from the average session volume of 30,648 shares. The stock had previously closed at $6.36.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of WISeKey International in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.50.

WISeKey International Stock Down 3.9%

The firm’s fifty day simple moving average is $6.52 and its 200 day simple moving average is $7.19. The company has a current ratio of 12.92, a quick ratio of 12.87 and a debt-to-equity ratio of 0.01.

WISeKey International Company Profile

WISeKey International SA is a Swiss-based cybersecurity and digital identity company specializing in secure authentication and encryption solutions. The firm develops and deploys public key infrastructure (PKI) technologies, digital certificates and secure semiconductors to safeguard online transactions, data and communications. Its offerings encompass hardware security modules, digital vault services and cybersecurity software designed to protect devices, applications and networks against digital threats.

Founded in 1999 by Carlos Moreira, WISeKey has evolved into a provider of Internet of Things (IoT) security, embedding cryptographic capabilities directly into chips for smart cards, mobile devices and industrial sensors.