WISeKey International (NASDAQ:WKEY) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of WISeKey International (NASDAQ:WKEY) from a sell rating to a hold rating in a research note published on Saturday morning.

WISeKey International Price Performance

WKEY stock opened at $6.46 on Friday. The stock’s fifty day simple moving average is $5.63 and its two-hundred day simple moving average is $5.36. WISeKey International has a 1-year low of $1.61 and a 1-year high of $14.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. raised its stake in shares of WISeKey International by 62.1% in the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock valued at $68,000 after buying an additional 6,623 shares during the period. XTX Topco Ltd bought a new stake in shares of WISeKey International in the second quarter valued at $81,000. Finally, GAMMA Investing LLC bought a new stake in shares of WISeKey International in the first quarter valued at $45,000. Hedge funds and other institutional investors own 0.33% of the company’s stock.

About WISeKey International

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.