ValuEngine lowered shares of WidePoint Co. (NYSEMKT:WYY) from a hold rating to a sell rating in a research note issued to investors on Friday.

Several other analysts also recently commented on WYY. B. Riley reaffirmed a buy rating and set a $1.00 price objective on shares of WidePoint in a research note on Friday, May 12th. Zacks Investment Research raised WidePoint from a sell rating to a hold rating in a research note on Thursday, June 1st.

Shares of WidePoint (NYSEMKT:WYY) opened at 0.5699 on Friday. The firm’s market capitalization is $47.27 million. WidePoint has a 12-month low of $0.37 and a 12-month high of $0.96. The company’s 50-day moving average price is $0.46 and its 200 day moving average price is $0.49.

WidePoint (NYSEMKT:WYY) last posted its quarterly earnings data on Monday, August 14th. The technology company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.01. The company had revenue of $18.88 million for the quarter, compared to analysts’ expectations of $18.60 million. WidePoint had a negative net margin of 6.89% and a negative return on equity of 19.55%. During the same period in the prior year, the company earned ($0.01) earnings per share. On average, equities research analysts forecast that WidePoint will post ($0.03) EPS for the current fiscal year.

WARNING: “ValuEngine Lowers WidePoint Co. (WYY) to Sell” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at

In other WidePoint news, Director Steve L. Komar bought 50,000 shares of the company’s stock in a transaction on Monday, August 28th. The shares were bought at an average price of $0.54 per share, for a total transaction of $27,000.00. Following the transaction, the director now owns 1,303,887 shares of the company’s stock, valued at approximately $704,098.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WYY. Renaissance Technologies LLC increased its position in WidePoint by 71.8% during the 4th quarter. Renaissance Technologies LLC now owns 243,300 shares of the technology company’s stock worth $197,000 after purchasing an additional 101,700 shares during the period. Intellectus Partners LLC increased its position in WidePoint by 2.1% during the 2nd quarter. Intellectus Partners LLC now owns 237,855 shares of the technology company’s stock worth $109,000 after purchasing an additional 5,000 shares during the period. Finally, First Wilshire Securities Management Inc. increased its position in WidePoint by 0.3% during the 1st quarter. First Wilshire Securities Management Inc. now owns 863,171 shares of the technology company’s stock worth $388,000 after purchasing an additional 2,700 shares during the period.

About WidePoint

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Stock Ratings for WidePoint Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WidePoint Co. and related stocks with our FREE daily email newsletter.