StockNews.com Begins Coverage on WidePoint (NYSEAMERICAN:WYY)

StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYYFree Report) in a report released on Saturday. The brokerage issued a sell rating on the technology company’s stock.

WidePoint Price Performance

WYY stock opened at $2.57 on Friday. The company has a market cap of $22.72 million, a PE ratio of -5.59 and a beta of 1.33. WidePoint has a 12-month low of $1.60 and a 12-month high of $3.49. The company has a 50 day simple moving average of $1.86.

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

Institutional Investors Weigh In On WidePoint

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG purchased a new stake in shares of WidePoint in the 1st quarter worth $29,000. Citadel Advisors LLC increased its stake in WidePoint by 121.1% in the 3rd quarter. Citadel Advisors LLC now owns 13,577 shares of the technology company’s stock worth $29,000 after buying an additional 7,437 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in WidePoint in the 1st quarter worth $25,000. Renaissance Technologies LLC purchased a new stake in WidePoint in the 2nd quarter worth $37,000. Finally, Dimensional Fund Advisors LP increased its stake in WidePoint by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock worth $79,000 after buying an additional 9,377 shares in the last quarter. 22.60% of the stock is currently owned by hedge funds and other institutional investors.

WidePoint Company Profile

(Get Free Report)

WidePoint Corporation provides technology management as a service (TMaaS) to the government and business enterprises in North America and Europe. The company 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 deploy identity management solutions that provide secured virtual and physical access to restricted environments.

See Also

Receive News & Ratings for WidePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WidePoint and related companies with MarketBeat.com's FREE daily email newsletter.