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

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

Separately, HC Wainwright reiterated a “buy” rating and issued a $7.00 target price on shares of WidePoint in a report on Thursday, April 17th.

WidePoint Stock Performance

NYSEAMERICAN:WYY opened at $2.83 on Tuesday. The stock has a market capitalization of $27.73 million, a PE ratio of -9.13 and a beta of 1.70. WidePoint has a fifty-two week low of $1.83 and a fifty-two week high of $6.25. The company has a fifty day moving average of $3.42 and a two-hundred day moving average of $3.91. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07.

Hedge Funds Weigh In On WidePoint

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in shares of WidePoint by 4.9% in the fourth quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock valued at $363,000 after acquiring an additional 3,497 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of WidePoint by 9.9% in the fourth quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock valued at $245,000 after purchasing an additional 4,547 shares in the last quarter. Private Advisor Group LLC grew its stake in WidePoint by 29.2% during the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after buying an additional 7,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in WidePoint by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock valued at $394,000 after buying an additional 7,331 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of WidePoint during the 4th quarter valued at $75,000. 22.60% of the stock is currently 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. 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.