WidePoint Co. (NYSEAMERICAN:WYY)’s share price fell 8.6% during mid-day trading on Tuesday . The company traded as low as $0.31 and last traded at $0.32, 512,516 shares traded hands during mid-day trading. An increase of 183% from the average session volume of 181,357 shares. The stock had previously closed at $0.35.

Separately, Zacks Investment Research cut WidePoint from a “hold” rating to a “sell” rating in a research report on Saturday.

A hedge fund recently raised its stake in WidePoint stock. Renaissance Technologies LLC increased its stake in WidePoint Co. (NYSEAMERICAN:WYY) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,138,570 shares of the technology company’s stock after acquiring an additional 257,123 shares during the quarter. Renaissance Technologies LLC owned about 1.35% of WidePoint worth $476,000 at the end of the most recent reporting period.

About WidePoint (NYSEAMERICAN:WYY)

WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.

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