WISeKey International (NASDAQ:WKEY) Releases Earnings Results

WISeKey International (NASDAQ:WKEY) posted its earnings results on Wednesday. The company reported ($0.06) earnings per share for the quarter, FiscalAI reports. The company had revenue of $5.72 million for the quarter.

WISeKey International Stock Performance

Shares of WKEY opened at $5.86 on Thursday. WISeKey International has a 1-year low of $5.32 and a 1-year high of $19.80. The company has a 50-day moving average of $6.33 and a 200 day moving average of $7.07. The company has a current ratio of 12.92, a quick ratio of 12.87 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of WISeKey International in a research report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, WISeKey International has an average rating of “Hold” and an average target price of $10.00.

WISeKey International Company Profile

WISeKey International Group (NASDAQ: WKEY) is a Swiss cybersecurity and digital identity company that provides trusted technology for securing people, devices, data and digital transactions. Its solutions are designed to support the authentication of connected devices, protection of digital identities and management of cybersecurity credentials across the Internet of Things (IoT).

The company offers public key infrastructure (PKI), digital certificates, identity management and cybersecurity services, as well as hardware-based security products such as secure elements and semiconductor technologies.