WidePoint (NYSEAMERICAN:WYY) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research report sent to investors on Tuesday. The firm issued a sell rating on the technology company’s stock.

WidePoint Stock Performance

NYSEAMERICAN:WYY opened at $2.18 on Tuesday. WidePoint has a 12-month low of $1.60 and a 12-month high of $3.49. The stock has a market capitalization of $19.27 million, a price-to-earnings ratio of -4.74 and a beta of 1.33.

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

Institutional Trading of WidePoint

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners increased its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the fourth quarter, according to the company in its most recent filing with the 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 0.53% of WidePoint worth $108,000 as of its most recent filing with the SEC. 22.60% of the stock is owned by hedge funds and other 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.