WidePoint (NYSEAMERICAN:WYY) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

WidePoint Co. (NYSEAMERICAN:WYY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $3.76. WidePoint shares last traded at $3.61, with a volume of 12,870 shares traded.

Wall Street Analyst Weigh In

Separately, HC Wainwright reiterated a “buy” rating and set a $7.00 price objective on shares of WidePoint in a research note on Thursday, November 14th.

WidePoint Trading Up 2.6 %

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Institutional Trading of WidePoint

Several large investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in WidePoint by 4.9% during the 4th quarter. Geode Capital Management LLC now owns 74,990 shares of the technology company’s stock valued at $363,000 after purchasing an additional 3,497 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in WidePoint in the fourth quarter valued at approximately $75,000. Truvestments Capital LLC acquired a new position in WidePoint in the 4th quarter worth approximately $186,000. Essex Investment Management Co. LLC raised its position in WidePoint by 9.9% during the 4th quarter. Essex Investment Management Co. LLC now owns 50,699 shares of the technology company’s stock worth $245,000 after buying an additional 4,547 shares during the last quarter. Finally, Private Advisor Group LLC lifted its stake in WidePoint by 29.2% during the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after acquiring an additional 7,000 shares during the period. 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.