WidePoint (NYSEAMERICAN:WYY) Coverage Initiated at StockNews.com

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

WidePoint Stock Performance

NYSEAMERICAN WYY opened at $2.04 on Monday. The company has a market cap of $18.03 million, a price-to-earnings ratio of -4.43 and a beta of 1.33. WidePoint has a 1-year low of $1.60 and a 1-year high of $3.49.

WidePoint (NYSEAMERICAN:WYY) last posted its quarterly earnings data on Tuesday, March 26th. The technology company reported ($0.15) earnings per share for the quarter. The company 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

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners increased its position in WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 46,753 shares of the technology company’s stock after purchasing an additional 20,000 shares during the quarter. Platform Technology Partners owned approximately 0.53% of WidePoint worth $108,000 as of its most recent SEC filing. 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.