WidePoint (NYSEAMERICAN:WYY) Shares Cross Above Fifty Day Moving Average – Should You Sell?

WidePoint Co. (NYSEAMERICAN:WYY)’s share price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $0.00 and traded as high as $5.02. WidePoint shares last traded at $4.59, with a volume of 75,164 shares changing hands.

Analyst Ratings Changes

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

WidePoint Trading Down 5.4 %

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 stock has a market capitalization of $44.98 million, a PE ratio of -14.81 and a beta of 1.72.

Institutional Investors Weigh In On WidePoint

A hedge fund recently raised its stake in WidePoint stock. Essex Investment Management Co. LLC grew its holdings in WidePoint Co. (NYSEAMERICAN:WYY) by 46.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,152 shares of the technology company’s stock after acquiring an additional 14,582 shares during the quarter. Essex Investment Management Co. LLC owned 0.48% of WidePoint worth $163,000 as of its most recent filing with the Securities and Exchange Commission. 22.60% of the stock is owned by institutional investors and hedge funds.

WidePoint Company Profile

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.