WidePoint (NYSEAMERICAN:WYY) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research note issued to investors on Sunday. The firm set a “sell” rating on the technology company’s stock.

WidePoint Stock Performance

Shares of NYSEAMERICAN WYY opened at $2.05 on Friday. WidePoint has a 52-week low of $1.60 and a 52-week high of $3.49. The stock has a market capitalization of $19.60 million, a price-to-earnings ratio of -4.46 and a beta of 1.40.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners grew its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the period. Platform Technology Partners owned approximately 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.