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

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

WidePoint Trading Up 4.0 %

Shares of NYSEAMERICAN:WYY opened at $2.61 on Friday. The stock has a 50 day moving average of $1.86. The firm has a market cap of $23.07 million, a price-to-earnings ratio of -1.96 and a beta of 1.33. WidePoint has a twelve month low of $1.60 and a twelve month high of $3.49.

Institutional Trading of WidePoint

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC lifted its stake in 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 purchasing an additional 7,437 shares during the last quarter. UBS Group AG acquired a new stake in WidePoint during the first quarter valued at approximately $29,000. Dimensional Fund Advisors LP lifted its stake in WidePoint by 27.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock valued at $79,000 after purchasing an additional 9,377 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in WidePoint during the first quarter valued at approximately $25,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of WidePoint during the second quarter valued at approximately $37,000. 10.51% of the stock is owned by institutional investors and hedge funds.

About WidePoint

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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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