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

StockNews.com started coverage on shares of WidePoint (NYSEAMERICAN:WYYFree Report) in a research report released on Sunday. The firm issued a sell rating on the technology company’s stock.

WidePoint Stock Down 1.4 %

Shares of WYY opened at $2.87 on Friday. WidePoint has a one year low of $1.60 and a one year high of $3.49. The company has a 50-day simple moving average of $1.86.

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

Institutional Trading of WidePoint

Several large investors have recently added to or reduced their stakes in WYY. UBS Group AG bought a new stake in shares of WidePoint during the 1st quarter worth about $29,000. Citadel Advisors LLC increased its stake 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 valued at $29,000 after acquiring an additional 7,437 shares during the period. Susquehanna International Group LLP bought a new stake in WidePoint during the first quarter worth approximately $25,000. Renaissance Technologies LLC acquired a new stake in WidePoint in the second quarter worth approximately $37,000. Finally, EA Series Trust bought a new position in WidePoint during the 2nd quarter valued at $35,000. 10.51% of the stock is currently owned by institutional investors and hedge funds.

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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