WidePoint Co. (NYSEAMERICAN:WYY – Get Free Report) CFO Robert J. George sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.53, for a total transaction of $31,770.00. Following the transaction, the chief financial officer now owns 115,474 shares of the company’s stock, valued at approximately $407,623.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
WidePoint Stock Down 9.6 %
Shares of WidePoint stock traded down $0.34 on Monday, hitting $3.21. The company had a trading volume of 86,395 shares, compared to its average volume of 73,036. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.28. WidePoint Co. has a twelve month low of $1.60 and a twelve month high of $4.55. The stock has a market capitalization of $30.98 million, a PE ratio of -7.86 and a beta of 1.65.
WidePoint (NYSEAMERICAN:WYY – Get Free Report) last announced its earnings results on Wednesday, August 14th. The technology company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. WidePoint had a negative net margin of 2.74% and a negative return on equity of 23.31%. The firm had revenue of $36.04 million during the quarter, compared to analyst estimates of $29.64 million. On average, equities research analysts anticipate that WidePoint Co. will post -0.23 EPS for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
WYY has been the topic of a number of recent analyst reports. Litchfield Hills Research raised shares of WidePoint to a “strong-buy” rating in a research report on Monday, June 24th. StockNews.com started coverage on WidePoint in a report on Sunday, June 16th. They set a “hold” rating on the stock.
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.
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