WidePoint (NYSEAMERICAN:WYY) Shares Cross Above 50 Day Moving Average of $0.00

Shares of WidePoint Co. (NYSEAMERICAN:WYY) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $0.00 and traded as high as $4.04. WidePoint shares last traded at $3.87, with a volume of 91,843 shares traded.

Wall Street Analyst Weigh In

Several research analysts recently commented on WYY shares. StockNews.com started coverage on shares of WidePoint in a report on Sunday, June 16th. They set a “hold” rating for the company. Litchfield Hills Research upgraded shares of WidePoint to a “strong-buy” rating in a research note on Monday, June 24th.

WidePoint Trading Down 3.3 %

The company has a market cap of $36.03 million, a P/E ratio of -9.21 and a beta of 1.69.

WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings data on Wednesday, May 15th. The technology company reported ($0.07) earnings per share for the quarter. The company had revenue of $34.21 million during the quarter. WidePoint had a negative net margin of 3.26% and a negative return on equity of 24.70%. As a group, equities research analysts expect that WidePoint Co. will post -0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Platform Technology Partners increased its holdings in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 74.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,753 shares of the technology company’s stock after acquiring an additional 20,000 shares during the quarter. Platform Technology Partners owned about 0.53% of WidePoint worth $108,000 as of its most recent filing with the SEC. 22.60% of the stock is owned by hedge funds and other institutional investors.

About WidePoint

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.