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

Equities researchers at StockNews.com initiated coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research report issued to clients and investors on Monday. The brokerage set a “sell” rating on the technology company’s stock.

WidePoint Stock Performance

WYY stock opened at $1.94 on Monday. The firm has a market cap of $17.15 million, a PE ratio of -4.22 and a beta of 1.33. WidePoint has a 52-week low of $1.60 and a 52-week high of $3.49.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly 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.

Hedge Funds Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners lifted its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to its most recent 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 quarter. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 as of its most recent filing with the Securities and Exchange Commission. 22.60% of the stock is currently owned by institutional investors and hedge funds.

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.