WISeKey International Stock to Reverse Split on Wednesday, June 22 (NASDAQ:WKEY)
Shares of WISeKey International Holding AG (NASDAQ:WKEY – Get Rating) are expected to consolidate on the morning of Wednesday, June 22. The 1-2 reverse split was announced on Wednesday, June 22. The number of shares held by shareholders will be adjusted after market close on Wednesday, June 22.
NASDAQ WKEY shares opened at $1.30 on Tuesday. WISeKey International has a 1 year minimum of $1.28 and a 1 year maximum of $9.37. The company has a 50-day moving average of $1.75 and a 200-day moving average of $2.93. The company has a debt ratio of 0.29, a current ratio of 1.72 and a quick ratio of 1.61.
Separately, HC Wainwright lowered its price target on WISeKey International shares from $11.00 to $4.00 in a Monday, May 2 research report.
A number of institutional investors have recently changed their stake in the company. Renaissance Technologies LLC increased its stake in WISeKey International by 151.4% in the first quarter. Renaissance Technologies LLC now owns 46,500 shares of the company worth $119,000 after purchasing an additional 28,000 shares in the last quarter. Credit Suisse AG bought a new position in WISeKey International in the fourth quarter worth approximately $121,000. Jane Street Group LLC bought a new position in WISeKey International in the first quarter worth approximately $61,000. FinTrust Capital Advisors LLC bought a new position in WISeKey International in the third quarter worth approximately $209,000. Finally, Morgan Stanley increased its stake in WISeKey International by 1,093.6% in the first quarter. Morgan Stanley now owns 7,663 shares of the company worth $110,000 after buying an additional 7,021 shares in the last quarter. 29.06% of the shares are held by institutional investors and hedge funds.
About WISeKey International (Get a rating)
WISeKey International Holding AG, a cybersecurity company, provides integrated security solutions for the Internet of Things (IoT) and digital identity ecosystems in Switzerland, Rest of Europe, Middle East, Africa , North America, Asia-Pacific and Latin America. The Company operates through three segments: IoT, Artificial Intelligence (AI) and Managed Public Key Infrastructure (mPKI).
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