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

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

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

WidePoint Stock Performance

Shares of NYSEAMERICAN:WYY opened at $3.30 on Tuesday. The company has a market capitalization of $32.34 million, a price-to-earnings ratio of -10.64 and a beta of 1.70. WidePoint has a 52 week low of $2.19 and a 52 week 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 firm has a 50 day moving average of $3.70 and a 200 day moving average of $3.97.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in WidePoint by 29.2% in the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after acquiring an additional 7,000 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in WidePoint by 9.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock valued at $394,000 after acquiring an additional 7,331 shares during the last quarter. Renaissance Technologies LLC raised its holdings in WidePoint by 121.6% in the 4th 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. Geode Capital Management LLC raised its holdings in WidePoint by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock valued at $363,000 after acquiring an additional 3,497 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in WidePoint in the 4th quarter valued at about $75,000. 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.