WidePoint Co. (WYY) Upgraded to Hold at Zacks Investment Research
WidePoint Co. (NYSE:WYY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint’s wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet. WidePoint’s profile of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. “
Separately, B. Riley restated a “buy” rating and set a $1.50 target price on shares of WidePoint in a report on Sunday, August 14th.
WidePoint (NYSE:WYY) traded up 4.5750% during mid-day trading on Wednesday, reaching $0.4183. 20,205 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $0.44 and a 200-day moving average price of $0.62. The stock’s market cap is $34.61 million. WidePoint has a 1-year low of $0.37 and a 1-year high of $0.98.
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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