WidePoint (NYSEAMERICAN:WYY) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research report sent to investors on Sunday. The brokerage issued a sell rating on the technology company’s stock.

WidePoint Stock Performance

WYY stock opened at $2.23 on Friday. WidePoint has a 1 year low of $1.60 and a 1 year high of $3.49. The company has a market capitalization of $21.32 million, a P/E ratio of -4.85 and a beta of 1.40.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings results on Tuesday, March 26th. The technology company reported ($0.15) earnings per share for the quarter. The business had revenue of $28.26 million during the quarter. WidePoint had a negative net margin of 3.82% and a negative return on equity of 25.50%.

Institutional Trading of WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners lifted its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 46,753 shares of the technology company’s stock after buying an additional 20,000 shares during the period. Platform Technology Partners owned approximately 0.53% of WidePoint worth $108,000 as of its most recent SEC filing. 22.60% of the stock is currently owned by institutional investors and hedge funds.

About WidePoint

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. It offers TMaaS solutions through a secure federal government certified proprietary portal and secure enterprise portal that provides ability to manage, analyze, and protect communications assets, as well as deploys identity management solutions that provides secured virtual and physical access to restricted environments.