SEALSQ (NASDAQ:LAES) Stock Price Down 6.1% – Here’s Why

SEALSQ Corp (NASDAQ:LAES)’s share price fell 6.1% on Friday . The stock traded as low as $7.82 and last traded at $8.14. 36,747,050 shares were traded during mid-day trading, a decline of 41% from the average session volume of 62,157,926 shares. The stock had previously closed at $8.67.

Analyst Upgrades and Downgrades

Separately, Maxim Group reduced their price target on shares of SEALSQ from $2.25 to $1.75 and set a “buy” rating for the company in a research report on Friday, September 27th.

SEALSQ Trading Down 6.3 %

The business has a fifty day moving average price of $1.88 and a two-hundred day moving average price of $1.04. The company has a current ratio of 3.58, a quick ratio of 3.20 and a debt-to-equity ratio of 3.55.

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.