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

Equities research analysts at StockNews.com assumed coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the technology company’s stock.

WidePoint Trading Down 3.0 %

WidePoint stock opened at $3.23 on Wednesday. WidePoint has a 1-year low of $1.83 and a 1-year high of $6.25. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $31.65 million, a price-to-earnings ratio of -10.42 and a beta of 1.70. The business’s 50 day moving average price is $3.73.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC increased its stake in WidePoint by 121.6% in the fourth quarter. Renaissance Technologies LLC now owns 184,400 shares of the technology company’s stock valued at $892,000 after acquiring an additional 101,176 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of WidePoint during the 4th quarter valued at about $186,000. Jane Street Group LLC purchased a new position in shares of WidePoint during the 4th quarter valued at about $101,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of WidePoint during the 4th quarter valued at about $75,000. Finally, Dimensional Fund Advisors LP lifted its position in WidePoint by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock worth $394,000 after buying an additional 7,331 shares during the last quarter. 22.60% of the stock is currently 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.