Zacks: WidePoint Co. (WYY) Receives Consensus Recommendation of “Strong Buy” from Analysts
Shares of WidePoint Co. (NYSE:WYY) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating. WidePoint’s rating score has improved by 50% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12-month consensus target price of $1.50 for the company and are expecting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned WidePoint an industry rank of 206 out of 265 based on the ratings given to related companies.
WYY has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of WidePoint from a “hold” rating to a “sell” rating in a research note on Friday, August 12th. B. Riley reissued a “buy” rating and issued a $1.50 price target on shares of WidePoint in a research note on Sunday, August 14th.
WidePoint (NYSE:WYY) traded down 1.214% on Friday, hitting $0.415. 41,260 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $0.43 and its 200-day moving average price is $0.61. WidePoint has a 12-month low of $0.37 and a 12-month high of $0.98. The company’s market cap is $34.33 million.
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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