WidePoint (NYSEAMERICAN:WYY) Share Price Crosses Above 50-Day Moving Average of $0.00

Shares of WidePoint Co. (NYSEAMERICAN:WYYGet Rating) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $2.27. WidePoint shares last traded at $2.21, with a volume of 19,338 shares traded.

WidePoint Stock Performance

The company has a market capitalization of $19.30 million, a P/E ratio of 2.13 and a beta of 0.96.

Hedge Funds Weigh In On WidePoint

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in WidePoint by 9.6% during the third quarter. Vanguard Group Inc. now owns 390,757 shares of the technology company’s stock worth $833,000 after acquiring an additional 34,072 shares during the last quarter. Koss Olinger Consulting LLC boosted its holdings in WidePoint by 94.5% in the 3rd quarter. Koss Olinger Consulting LLC now owns 68,171 shares of the technology company’s stock valued at $145,000 after purchasing an additional 33,113 shares during the last quarter. Citadel Advisors LLC boosted its holdings in WidePoint by 121.1% in the 3rd quarter. Citadel Advisors LLC now owns 13,577 shares of the technology company’s stock valued at $29,000 after purchasing an additional 7,437 shares during the last quarter. Platform Technology Partners boosted its holdings in WidePoint by 110.7% in the 3rd quarter. Platform Technology Partners now owns 26,753 shares of the technology company’s stock valued at $57,000 after purchasing an additional 14,053 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in WidePoint in the 2nd quarter valued at about $37,000. 12.43% of the stock is currently owned by institutional investors and hedge funds.

WidePoint Company Profile

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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 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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