WidePoint (NYSEAMERICAN:WYY) Trading 4% Higher
WidePoint Co. (NYSEAMERICAN:WYY)’s share price traded up 4% on Wednesday . The stock traded as high as $0.44 and last traded at $0.42, 267,889 shares changed hands during trading. An increase of 90% from the average session volume of 141,289 shares. The stock had previously closed at $0.40.
Several research analysts recently weighed in on the stock. B. Riley assumed coverage on shares of WidePoint in a report on Friday, November 15th. They set a “buy” rating and a $1.00 price target on the stock. Zacks Investment Research cut shares of WidePoint from a “buy” rating to a “hold” rating in a report on Wednesday.
A hedge fund recently bought a new stake in WidePoint stock. Virtu Financial LLC purchased a new stake in WidePoint Co. (NYSEAMERICAN:WYY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 131,731 shares of the technology company’s stock, valued at approximately $41,000. Virtu Financial LLC owned 0.16% of WidePoint as of its most recent SEC filing.
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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