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

StockNews.com initiated coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a report published on Tuesday. The brokerage issued a hold rating on the technology company’s stock.

Separately, HC Wainwright reissued a “buy” rating and issued a $7.00 price target on shares of WidePoint in a research report on Friday, May 16th.

WidePoint Stock Performance

Shares of WYY stock opened at $3.30 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. WidePoint has a 52 week low of $2.19 and a 52 week high of $6.25. The stock has a market capitalization of $32.34 million, a PE ratio of -10.64 and a beta of 1.70. The firm has a 50 day moving average of $3.70 and a two-hundred day moving average of $3.97.

Institutional Investors Weigh In On WidePoint

A number of hedge funds and other institutional investors have recently modified their holdings of WYY. Arrowstreet Capital Limited Partnership acquired a new stake in WidePoint during the 4th quarter worth $75,000. Jane Street Group LLC acquired a new stake in WidePoint during the 4th quarter worth $101,000. Truvestments Capital LLC raised its stake in WidePoint by 7.6% during the 1st quarter. Truvestments Capital LLC now owns 41,389 shares of the technology company’s stock worth $138,000 after acquiring an additional 2,916 shares in the last quarter. Private Advisor Group LLC raised its stake in WidePoint by 29.2% during the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after acquiring an additional 7,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC raised its stake in WidePoint by 9.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock worth $245,000 after acquiring an additional 4,547 shares in the last quarter. 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.