HC Wainwright Reiterates “Buy” Rating for WISeKey International (NASDAQ:WKEY)

WISeKey International (NASDAQ:WKEY)‘s stock had its “buy” rating reissued by stock analysts at HC Wainwright in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $4.00 target price on the stock. HC Wainwright’s price objective points to a potential upside of 80.18% from the company’s current price.

WISeKey International Price Performance

WKEY stock opened at $2.22 on Thursday. The firm has a 50 day simple moving average of $2.19 and a 200 day simple moving average of $2.17. WISeKey International has a 52 week low of $1.35 and a 52 week high of $3.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.31 and a current ratio of 1.59.

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.