WidePoint Co. (NYSEAMERICAN:WYY – Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.79 and traded as low as $3.50. WidePoint shares last traded at $3.60, with a volume of 6,790 shares trading hands.
WidePoint Trading Down 2.4 %
The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a 50 day moving average price of $3.79. The stock has a market cap of $35.28 million, a P/E ratio of -11.61 and a beta of 1.70.
Institutional Investors Weigh In On WidePoint
A number of large investors have recently added to or reduced their stakes in WYY. Jane Street Group LLC bought a new stake in shares of WidePoint during the 4th quarter worth about $101,000. Dimensional Fund Advisors LP lifted its position in WidePoint by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 81,372 shares of the technology company’s stock worth $394,000 after acquiring an additional 7,331 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of WidePoint by 121.6% during the fourth quarter. Renaissance Technologies LLC now owns 184,400 shares of the technology company’s stock worth $892,000 after acquiring an additional 101,176 shares during the period. Geode Capital Management LLC grew its position in shares of WidePoint by 4.9% in the fourth 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. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of WidePoint during the fourth quarter worth approximately $75,000. 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.
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