WidePoint (NYSEAMERICAN:WYY) Research Coverage Started at StockNews.com

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

WidePoint Stock Performance

WYY opened at $2.04 on Monday. The company has a market capitalization of $18.03 million, a P/E ratio of -4.43 and a beta of 1.33. WidePoint has a one year low of $1.60 and a one year high of $3.49.

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

Institutional Investors Weigh In On 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% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 currently owned by institutional investors.

About WidePoint

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.