StockNews.com Begins Coverage on WidePoint (NYSEAMERICAN:WYY)

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

WidePoint Stock Down 3.4 %

WidePoint stock opened at $2.43 on Friday. 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 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 during the quarter.

Institutional Trading of WidePoint

An institutional investor recently raised its position in WidePoint stock. Platform Technology Partners raised its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 46,753 shares of the technology company’s stock after buying an additional 20,000 shares during the period. Platform Technology Partners owned approximately 0.53% of WidePoint worth $108,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.60% of the company’s stock.

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.