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

Equities researchers at StockNews.com started coverage on shares of WidePoint (NYSEAMERICAN:WYY - Get Free Report) in a research note issued on Wednesday. The firm set 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 Thursday, April 17th.

WidePoint Stock Up 0.3%

Shares of NYSEAMERICAN WYY opened at $5.86 on Wednesday. The stock has a market cap of $57.43 million, a PE ratio of -18.90 and a beta of 1.70. The business has a fifty day moving average of $3.61 and a two-hundred day moving average of $3.96. WidePoint has a 52-week low of $2.19 and a 52-week high of $6.25. 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 and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of WidePoint by 121.6% during the 4th quarter. Renaissance Technologies LLC now owns 184,400 shares of the technology company's stock worth $892,000 after buying an additional 101,176 shares during the period. Truvestments Capital LLC acquired a new position in shares of WidePoint in the 4th quarter valued at approximately $186,000. Jane Street Group LLC bought a new stake in WidePoint during the 4th quarter worth approximately $101,000. Arrowstreet Capital Limited Partnership bought a new stake in WidePoint during the 4th quarter worth approximately $75,000. Finally, Dimensional Fund Advisors LP lifted its stake in WidePoint by 9.9% in the fourth 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 in the last quarter. 22.60% of the stock is currently owned by institutional investors and hedge funds.

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.

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