StockNews.com Begins Coverage on WidePoint (NYSEAMERICAN:WYY)

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

WidePoint Trading Down 2.6 %

Shares of WidePoint stock opened at $2.62 on Thursday. WidePoint has a twelve month low of $1.60 and a twelve month high of $3.49. The firm has a market capitalization of $24.39 million, a P/E ratio of -6.24 and a beta of 1.40.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.07) earnings per share for the quarter. WidePoint had a negative return on equity of 24.70% and a negative net margin of 3.26%. The business had revenue of $34.21 million during the quarter.

Institutional Trading of WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners lifted its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 hedge funds and other institutional investors.

About WidePoint

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.