SEALSQ (NASDAQ:LAES) Shares Gap Down – Here’s What Happened

Shares of SEALSQ Corp. (NASDAQ:LAES) gapped down prior to trading on Thursday . The stock had previously closed at $5.34, but opened at $5.05. SEALSQ shares last traded at $5.2880, with a volume of 3,823,076 shares traded.

Analysts Set New Price Targets

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

SEALSQ Stock Down 4.2%

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 business’s 50 day moving average is $4.99 and its 200 day moving average is $3.85.

Institutional Trading of SEALSQ

Large investors have recently made changes to their positions in the business. DKM Wealth Management Inc. acquired a new position in SEALSQ during the third quarter valued at $37,000. LaSalle St. Investment Advisors LLC acquired a new stake in SEALSQ during the 1st quarter worth about $39,000. A&I Financial Services LLC purchased a new position in shares of SEALSQ during the 3rd quarter valued at about $40,000. Baader Bank Aktiengesellschaft purchased a new stake in shares of SEALSQ in the third quarter worth about $41,000. Finally, Convergence Financial LLC acquired a new stake in SEALSQ during the third quarter worth about $41,000. 1.25% of the stock is owned by hedge funds and other 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.