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

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

WidePoint Price Performance

WidePoint stock opened at $2.01 on Monday. WidePoint has a one year low of $1.60 and a one year high of $3.49. The stock has a market cap of $17.77 million, a PE ratio of -4.37 and a beta of 1.33.

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

Institutional Investors Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners boosted its position in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the period. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 as of its most recent filing with the SEC. Institutional investors own 22.60% of the company’s stock.

About WidePoint

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.