WidePoint (NYSEAMERICAN:WYY) Shares Pass Above 50-Day Moving Average of $0.00

WidePoint Co. (NYSEAMERICAN:WYY – Get Rating) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $2.00. WidePoint shares last traded at $1.84, with a volume of 35,096 shares traded.

WidePoint Trading Down 6.1 %

The stock has a market capitalization of $16.07 million, a price-to-earnings ratio of -1.06 and a beta of 1.04.

Hedge Funds Weigh In On WidePoint

Hedge funds have recently modified their holdings of the company. UBS Group AG bought a new position in shares of WidePoint during the first quarter worth $29,000. Citadel Advisors LLC boosted its position in shares of WidePoint by 121.1% during the third quarter. Citadel Advisors LLC now owns 13,577 shares of the technology company’s stock worth $29,000 after acquiring an additional 7,437 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of WidePoint during the second quarter worth $37,000. Platform Technology Partners boosted its position in shares of WidePoint by 110.7% during the third quarter. Platform Technology Partners now owns 26,753 shares of the technology company’s stock worth $57,000 after acquiring an additional 14,053 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of WidePoint by 27.5% during the fourth 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 during the last quarter. 11.85% of the stock is currently owned by institutional investors.

WidePoint Company Profile

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WidePoint Corp. engages in the provision of trusted mobility management (TM2) solutions. It operates through the Carrier Services and Managed Services segments. The Carrier Services segment includes bills for costs incurred to deliver phone, data and satellite and related mobile services for a connected device or end point.