WidePoint (NYSEAMERICAN:WYY) Earns Sell Rating from Analysts at StockNews.com

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

WidePoint Price Performance

Shares of WYY opened at $2.23 on Friday. The stock has a market capitalization of $21.32 million, a price-to-earnings ratio of -4.85 and a beta of 1.40. WidePoint has a 52 week low of $1.60 and a 52 week high of $3.49.

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

Hedge Funds Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners increased its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 46,753 shares of the technology company’s stock after acquiring an additional 20,000 shares during the period. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 at the end of the most recent quarter. Institutional investors and hedge funds own 22.60% of the company’s stock.

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.