WISeKey International (NASDAQ:WKEY) Price Target Raised to $11.00

WISeKey International (NASDAQ:WKEY) had its price target hoisted by Maxim Group from $10.00 to $11.00 in a report published on Monday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, Wall Street Zen raised WISeKey International from a “sell” rating to a “hold” rating in a research note on Saturday, September 20th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $7.50.

WISeKey International Stock Up 5.5%

Shares of NASDAQ:WKEY opened at $6.71 on Monday. WISeKey International has a 12 month low of $1.61 and a 12 month high of $14.00. The company’s fifty day simple moving average is $5.67 and its 200 day simple moving average is $5.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.96 and a current ratio of 6.05.

Institutional Investors Weigh In On WISeKey International

Several institutional investors and hedge funds have recently added to or reduced their stakes in WKEY. GAMMA Investing LLC acquired a new position in shares of WISeKey International during the 1st quarter worth about $45,000. XTX Topco Ltd acquired a new position in WISeKey International during the second quarter valued at approximately $81,000. Finally, SBI Securities Co. Ltd. boosted its position in WISeKey International by 62.1% during the first quarter. SBI Securities Co. Ltd. now owns 17,281 shares of the company’s stock valued at $68,000 after purchasing an additional 6,623 shares during the last quarter. 0.33% of the stock is owned by institutional investors.

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.