Truvestments Capital LLC Makes New Investment in WidePoint Co. (NYSEAMERICAN:WYY)

Truvestments Capital LLC bought a new position in shares of WidePoint Co. (NYSEAMERICAN:WYY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 38,473 shares of the technology company’s stock, valued at approximately $186,000. Truvestments Capital LLC owned 0.39% of WidePoint at the end of the most recent reporting period.

Separately, Private Advisor Group LLC raised its stake 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 purchasing an additional 7,000 shares during the period. 22.60% of the stock is owned by institutional investors.

WidePoint Stock Performance

WidePoint stock opened at $3.66 on Thursday. The company has a 50 day moving average of $4.04. The stock has a market cap of $35.87 million, a P/E ratio of -11.81 and a beta of 1.70. WidePoint Co. has a 1 year low of $1.83 and a 1 year 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.

Analysts Set New Price Targets

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

WidePoint 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.