WidePoint (NYSEAMERICAN:WYY) Shares Down 6.4%

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WidePoint Co. (NYSEAMERICAN:WYY) traded down 6.4% on Wednesday . The company traded as low as $0.53 and last traded at $0.53. 662,160 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 819,766 shares. The stock had previously closed at $0.56.

A number of equities research analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $1.00 price target on shares of WidePoint in a research report on Friday, August 14th. Zacks Investment Research downgraded shares of WidePoint from a “buy” rating to a “hold” rating in a research report on Friday, September 11th.

WidePoint (NYSEAMERICAN:WYY) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $54.78 million for the quarter, compared to analyst estimates of $42.73 million.

In related news, CFO Kellie H. Kim purchased 89,664 shares of the stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $0.52 per share, for a total transaction of $46,625.28. Following the completion of the acquisition, the chief financial officer now owns 189,664 shares of the company’s stock, valued at $98,625.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Institutional investors have recently modified their holdings of the stock. Advisor Group Holdings Inc. purchased a new position in shares of WidePoint during the 1st quarter valued at approximately $48,000. Bridgeway Capital Management Inc. purchased a new stake in WidePoint in the 2nd quarter worth $371,000. Blue Zone Wealth Advisors LLC acquired a new stake in WidePoint during the 2nd quarter worth $374,000. Finally, EAM Investors LLC acquired a new stake in WidePoint during the 2nd quarter worth $632,000.


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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