WidePoint (NYSEAMERICAN:WYY) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a report published on Tuesday morning. The brokerage issued a sell rating on the technology company’s stock.

WidePoint Trading Down 2.9 %

NYSEAMERICAN:WYY opened at $2.01 on Tuesday. The company has a market cap of $17.77 million, a price-to-earnings ratio of -4.47 and a beta of 1.33. WidePoint has a twelve month low of $1.60 and a twelve month high of $3.49.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings results on Tuesday, March 26th. The technology company reported ($0.15) earnings per share for the quarter. The company 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 Inflows and Outflows

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners lifted its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,753 shares of the technology company’s stock after acquiring an additional 20,000 shares during the quarter. Platform Technology Partners owned approximately 0.53% of WidePoint worth $108,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.60% of the company’s stock.

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.