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

StockNews.com began coverage on shares of WidePoint (NYSEAMERICAN:WYY) in a research note issued to investors on Wednesday. The brokerage issued a hold rating on the technology company’s stock.

WidePoint Trading Down 6.7 %

WidePoint stock opened at $2.92 on Wednesday. The stock has a market cap of $28.62 million, a price-to-earnings ratio of -9.42 and a beta of 1.70. WidePoint has a 12 month low of $1.83 and a 12 month high of $6.25. The stock has a 50 day moving average of $3.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.27.

Hedge Funds Weigh In On WidePoint

Several institutional investors and hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC increased its holdings in WidePoint by 121.6% in the 4th quarter. Renaissance Technologies LLC now owns 184,400 shares of the technology company’s stock worth $892,000 after acquiring an additional 101,176 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of WidePoint in the fourth quarter valued at about $186,000. Jane Street Group LLC acquired a new stake in shares of WidePoint in the fourth quarter valued at about $101,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of WidePoint during the fourth quarter worth about $75,000. Finally, Dimensional Fund Advisors LP raised its position in shares of WidePoint by 9.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock worth $394,000 after purchasing an additional 7,331 shares during the last quarter. Hedge funds and other institutional investors own 22.60% of the company’s stock.

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.