WidePoint (NYSEAMERICAN:WYY) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research report issued to clients and investors on Thursday. The firm set a “sell” rating on the technology company’s stock.

WidePoint Stock Down 1.3 %

Shares of WYY stock opened at $2.27 on Thursday. WidePoint has a 1 year low of $1.60 and a 1 year high of $3.49. The stock’s fifty day simple moving average is $1.86. The firm has a market cap of $20.07 million, a price-to-earnings ratio of -4.93 and a beta of 1.33.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WYY. UBS Group AG acquired a new position in WidePoint in the 1st quarter worth about $29,000. Renaissance Technologies LLC bought a new stake in WidePoint during the 2nd quarter valued at approximately $37,000. Citadel Advisors LLC boosted its stake in WidePoint by 121.1% during 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 period. Vanguard Group Inc. boosted its stake in WidePoint by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 390,757 shares of the technology company’s stock valued at $833,000 after purchasing an additional 34,072 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in WidePoint by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock valued at $79,000 after purchasing an additional 9,377 shares during the period. 22.60% of the stock is owned by institutional investors and hedge funds.

WidePoint Company Profile

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.