SEALSQ Corp (NASDAQ:LAES - Get Free Report) shares fell 6.1% during mid-day trading on Friday . The company traded as low as $7.82 and last traded at $8.14. 36,747,050 shares were traded during trading, a decline of 41% from the average session volume of 62,157,926 shares. The stock had previously closed at $8.67.
Wall Street Analysts Forecast Growth
Separately, Maxim Group decreased their price objective on SEALSQ from $2.25 to $1.75 and set a "buy" rating for the company in a report on Friday, September 27th.
Check Out Our Latest Research Report on LAES
SEALSQ Stock Performance
The stock's 50 day moving average price is $2.04 and its 200-day moving average price is $1.09. The company has a debt-to-equity ratio of 3.55, a quick ratio of 3.20 and a current ratio of 3.58.
SEALSQ Company Profile
(
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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.
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