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 Monday morning. The brokerage issued a sell rating on the technology company’s stock.

WidePoint Stock Down 2.5 %

NYSEAMERICAN:WYY opened at $1.96 on Monday. WidePoint has a 12-month low of $1.60 and a 12-month high of $3.49.

WidePoint (NYSEAMERICAN:WYY) last announced its quarterly earnings data 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 business 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 raised its position in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the period. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 22.60% of the company’s stock.

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.