WidePoint (NYSEAMERICAN:WYY – Get Free Report) announced its quarterly earnings results on Tuesday. The technology company reported ($0.15) earnings per share (EPS) for the quarter, RTT News reports. The business had revenue of $28.26 million for the quarter. WidePoint had a negative net margin of 11.48% and a negative return on equity of 69.76%.
WidePoint Price Performance
Shares of NYSEAMERICAN:WYY traded down $0.03 on Wednesday, hitting $2.61. 402 shares of the company’s stock were exchanged, compared to its average volume of 35,340. The company has a market capitalization of $23.07 million, a PE ratio of -1.96 and a beta of 1.33. The stock’s 50 day simple moving average is $1.86. WidePoint has a 12 month low of $1.60 and a 12 month high of $3.49.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on WidePoint in a research report on Sunday. They set a “sell” rating on the stock.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG acquired a new stake in shares of WidePoint in the first quarter worth approximately $29,000. Citadel Advisors LLC grew its holdings in shares of WidePoint by 121.1% during the 3rd quarter. Citadel Advisors LLC now owns 13,577 shares of the technology company’s stock worth $29,000 after purchasing an additional 7,437 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of WidePoint during the 1st quarter worth about $25,000. Renaissance Technologies LLC purchased a new stake in WidePoint in the 2nd quarter valued at about $37,000. Finally, Dimensional Fund Advisors LP boosted its stake in WidePoint by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock worth $79,000 after buying an additional 9,377 shares during the period. 22.60% of the stock is 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. The company 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 deploy identity management solutions that provide secured virtual and physical access to restricted environments.
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