WidePoint (NYSEAMERICAN:WYY) Downgraded by TheStreet

WidePoint (NYSEAMERICAN:WYYGet Rating) was downgraded by stock analysts at TheStreet from a “c” rating to a “d+” rating in a research report issued on Monday, TheStreetRatingsTable reports.

Shares of WidePoint stock opened at $3.43 on Monday. The company has a market cap of $29.77 million, a PE ratio of 3.30 and a beta of 0.96. WidePoint has a 1-year low of $3.30 and a 1-year high of $9.31.

WidePoint (NYSEAMERICAN:WYYGet Rating) last issued its earnings results on Monday, March 28th. The technology company reported ($0.06) earnings per share for the quarter. The company had revenue of $24.45 million for the quarter. WidePoint had a return on equity of 2.38% and a net margin of 10.08%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley raised its position in WidePoint by 386.5% in the second quarter. Morgan Stanley now owns 22,850 shares of the technology company’s stock valued at $166,000 after purchasing an additional 18,153 shares during the period. Royal Bank of Canada purchased a new stake in WidePoint in the second quarter valued at approximately $134,000. Sigma Planning Corp purchased a new stake in WidePoint in the third quarter valued at approximately $162,000. Two Sigma Securities LLC purchased a new stake in WidePoint in the third quarter valued at approximately $78,000. Finally, Platform Technology Partners purchased a new stake in WidePoint in the fourth quarter valued at approximately $50,000. Hedge funds and other institutional investors own 12.43% of the company’s stock.

WidePoint Company Profile (Get Rating)

WidePoint Corporation provides trusted mobility management (TM2) solutions to the corporations, governments, and not-for-profit organizations in North America and Europe. It offers TM2 solutions through a federal government certified proprietary portal to manage, analyze, and protect communications assets, as well as deploy identity management solutions that provide secured virtual and physical access to restricted environments.

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