WidePoint (NYSEAMERICAN:WYY) Coverage Initiated at StockNews.com

StockNews.com initiated coverage on shares of WidePoint (NYSEAMERICAN:WYY - Free Report) in a report issued on Wednesday morning. The brokerage issued a hold rating on the technology company's stock.

Separately, HC Wainwright restated a "buy" rating and set a $7.00 target price on shares of WidePoint in a research report on Thursday, April 17th.

WidePoint Stock Down 14.5%

NYSEAMERICAN WYY traded down $0.61 on Wednesday, hitting $3.61. The stock had a trading volume of 424,387 shares, compared to its average volume of 81,813. The business's fifty day moving average price is $3.71 and its 200 day moving average price is $3.98. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 1.07. WidePoint has a 52-week low of $2.19 and a 52-week high of $6.25. The stock has a market cap of $35.38 million, a price-to-earnings ratio of -11.64 and a beta of 1.70.

Institutional Trading of WidePoint

Several large investors have recently bought and sold shares of WYY. Truvestments Capital LLC grew its stake in shares of WidePoint by 7.6% in the 1st quarter. Truvestments Capital LLC now owns 41,389 shares of the technology company's stock valued at $138,000 after buying an additional 2,916 shares during the period. Jane Street Group LLC purchased a new stake in shares of WidePoint in the 4th quarter valued at approximately $101,000. Dimensional Fund Advisors LP grew its stake in shares of 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 buying an additional 7,331 shares during the period. Renaissance Technologies LLC grew its stake in shares of 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 buying an additional 101,176 shares during the period. Finally, Geode Capital Management LLC grew its stake 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 buying an additional 3,497 shares during the period. 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.