Begins Coverage on WidePoint (NYSEAMERICAN:WYY) initiated coverage on shares of WidePoint (NYSEAMERICAN:WYYFree Report) in a report issued on Sunday morning. The firm issued a sell rating on the technology company’s stock.

WidePoint Stock Down 1.4 %

Shares of WYY stock opened at $2.87 on Friday. The firm has a fifty day simple moving average of $1.86. WidePoint has a 52-week low of $1.60 and a 52-week high of $3.49.

WidePoint (NYSEAMERICAN:WYYGet Free Report) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $25.73 million during the quarter. WidePoint had a negative return on equity of 69.76% and a negative net margin of 11.48%.

Institutional Trading of WidePoint

Large investors have recently bought and sold shares of the stock. EA Series Trust bought a new position in WidePoint during the 2nd quarter valued at about $35,000. Susquehanna International Group LLP acquired a new stake in shares of WidePoint during the first quarter worth approximately $25,000. Dimensional Fund Advisors LP boosted its holdings in shares of WidePoint by 27.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock worth $79,000 after acquiring an additional 9,377 shares in the last quarter. Vanguard Group Inc. grew its position in WidePoint by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 390,757 shares of the technology company’s stock worth $833,000 after acquiring an additional 34,072 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in WidePoint by 121.1% during the 3rd quarter. Citadel Advisors LLC now owns 13,577 shares of the technology company’s stock valued at $29,000 after purchasing an additional 7,437 shares in the last quarter. 10.51% of the stock is currently owned by institutional investors.

WidePoint Company Profile

(Get Free Report)

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.

Further Reading

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