WidePoint (NYSEAMERICAN:WYY) Now Covered by StockNews.com

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

WidePoint Price Performance

Shares of WYY remained flat at $2.05 during midday trading on Friday. The stock had a trading volume of 261,392 shares, compared to its average volume of 45,461. WidePoint has a 12 month low of $1.60 and a 12 month high of $3.49.

WidePoint (NYSEAMERICAN:WYY) last posted its earnings results on Tuesday, March 26th. The technology company reported ($0.15) earnings per share for the quarter. WidePoint had a negative return on equity of 25.50% and a negative net margin of 3.82%. The firm had revenue of $28.26 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners boosted its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period. 22.60% of the stock is owned by institutional investors.

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.