WidePoint (NYSEAMERICAN:WYY) Coverage Initiated at StockNews.com

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

WidePoint Stock Performance

Shares of WidePoint stock opened at $2.05 on Friday. The firm has a market cap of $19.60 million, a price-to-earnings ratio of -4.46 and a beta of 1.40. WidePoint has a fifty-two week low of $1.60 and a fifty-two week high of $3.49.

WidePoint (NYSEAMERICAN:WYY) last released its earnings results on Tuesday, March 26th. The technology company reported ($0.15) earnings per share 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 Trading of WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners lifted its position in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. 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.

WidePoint Company Profile

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.