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

Equities researchers at StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYYGet Free Report) in a research report issued on Sunday. The firm set a “hold” rating on the technology company’s stock.

WidePoint Stock Performance

WYY opened at $2.97 on Friday. The stock has a market capitalization of $27.65 million, a PE ratio of -7.07 and a beta of 1.54. WidePoint has a twelve month low of $1.60 and a twelve month high of $3.49.

WidePoint (NYSEAMERICAN:WYYGet Free Report) last released its earnings results on Wednesday, May 15th. The technology company reported ($0.07) earnings per share (EPS) for the quarter. WidePoint had a negative net margin of 3.26% and a negative return on equity of 24.70%. The business had revenue of $34.21 million for the quarter.

Hedge Funds Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners raised its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYYFree Report) by 74.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Platform Technology Partners owned approximately 0.53% of WidePoint worth $108,000 at the end of the most recent reporting period. Institutional investors own 22.60% of the company’s stock.

About WidePoint

(Get Free Report)

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.

Further Reading

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