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

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

WidePoint Trading Down 3.9 %

WidePoint stock opened at $2.73 on Tuesday. The company has a market capitalization of $26.75 million, a P/E ratio of -8.81 and a beta of 1.70. 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 50-day moving average price of $3.58. WidePoint has a 12 month low of $1.83 and a 12 month high of $6.25.

Institutional Trading of WidePoint

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in shares of WidePoint by 29.2% during the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after purchasing an additional 7,000 shares in the last quarter. Essex Investment Management Co. LLC increased its stake in shares of WidePoint by 9.9% in the 4th quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock valued at $245,000 after acquiring an additional 4,547 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of WidePoint during the 4th quarter valued at $186,000. Arrowstreet Capital Limited Partnership acquired a new stake in WidePoint in the fourth quarter worth $75,000. Finally, Geode Capital Management LLC raised its holdings in shares of WidePoint by 4.9% during the fourth quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock valued at $363,000 after purchasing an additional 3,497 shares during the period. Institutional investors and hedge funds 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.