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.

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.

Further Reading: Risk Tolerance

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