Zacks Investment Research Upgrades WidePoint Co. (WYY) to “Hold”
WidePoint Co. (NYSE:WYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint’s wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet. WidePoint’s profile of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. “
Separately, B. Riley restated a “buy” rating and issued a $1.50 price objective on shares of WidePoint in a research report on Tuesday, August 9th.
Shares of WidePoint (NYSE:WYY) opened at 0.4201 on Wednesday. The company has a 50 day moving average of $0.43 and a 200 day moving average of $0.61. The stock’s market cap is $34.75 million. WidePoint has a 12 month low of $0.37 and a 12 month high of $0.98.
WidePoint Company Profile
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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