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

StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a report issued on Wednesday. The brokerage issued a sell rating on the technology company’s stock.

WidePoint Stock Performance

Shares of WYY stock opened at $1.96 on Wednesday. The stock has a 50-day moving average price of $1.85. The firm has a market capitalization of $17.33 million, a price-to-earnings ratio of -4.26 and a beta of 1.33. WidePoint has a 12 month low of $1.60 and a 12 month high of $3.49.

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

Hedge Funds Weigh In On WidePoint

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of WidePoint by 9.6% during the 3rd quarter. Vanguard Group Inc. now owns 390,757 shares of the technology company’s stock worth $833,000 after buying an additional 34,072 shares during the period. Platform Technology Partners grew its position in shares of WidePoint by 74.8% during the 4th quarter. Platform Technology Partners now owns 46,753 shares of the technology company’s stock worth $108,000 after buying an additional 20,000 shares during the period. Dimensional Fund Advisors LP grew its position in shares of WidePoint by 27.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 43,483 shares of the technology company’s stock worth $79,000 after buying an additional 9,377 shares during the period. Renaissance Technologies LLC acquired a new position in shares of WidePoint during the 2nd quarter worth about $37,000. Finally, Susquehanna International Group LLP acquired a new position in shares of WidePoint during the 1st quarter worth about $25,000. 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.