WidePoint (NYSEAMERICAN:WYY) Research Coverage Started at StockNews.com

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

WidePoint Price Performance

NYSEAMERICAN WYY opened at $2.54 on Friday. The company has a market cap of $24.28 million, a P/E ratio of -5.52 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 issued its quarterly earnings results on Tuesday, March 26th. The technology company reported ($0.15) EPS for the quarter. The company had revenue of $28.26 million for the quarter. WidePoint had a negative net margin of 3.82% and a negative return on equity of 25.50%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners boosted its position in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,753 shares of the technology company’s stock after purchasing 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 (SEC). 22.60% of the stock is owned by institutional investors.

WidePoint Company Profile

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.