WidePoint (NYSEAMERICAN:WYY) Share Price Passes Above 200 Day Moving Average – Time to Sell?

WidePoint Co. (NYSEAMERICAN:WYY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $3.76. WidePoint shares last traded at $3.61, with a volume of 12,870 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of WidePoint in a report on Thursday, November 14th.

WidePoint Stock Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Trading of WidePoint

A number of hedge funds have recently added to or reduced their stakes in WYY. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 3,497 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in WidePoint by 9.9% in the fourth quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock worth $245,000 after buying an additional 4,547 shares in the last quarter. Private Advisor Group LLC lifted its holdings in WidePoint by 29.2% during the fourth quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock worth $150,000 after buying an additional 7,000 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in WidePoint during the 4th quarter valued at $75,000. Finally, Truvestments Capital LLC purchased a new position in shares of WidePoint in the 4th quarter valued at $186,000. 22.60% of the stock is owned by hedge funds and other 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.