StockNews.com Begins Coverage on WidePoint (NYSEAMERICAN:WYY)

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

WidePoint Price Performance

WYY opened at $2.05 on Friday. WidePoint has a twelve month low of $1.60 and a twelve month high of $3.49. The stock has a market cap of $19.60 million, a P/E ratio of -4.46 and a beta of 1.40.

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

Institutional Trading of WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners increased its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,753 shares of the technology company’s stock after acquiring 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.