Private Advisor Group LLC Buys 7,000 Shares of WidePoint Co. (NYSEAMERICAN:WYY)

Private Advisor Group LLC grew its stake in shares of WidePoint Co. (NYSEAMERICAN:WYY) by 29.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 31,000 shares of the technology company’s stock after acquiring an additional 7,000 shares during the quarter. Private Advisor Group LLC owned about 0.32% of WidePoint worth $150,000 as of its most recent SEC filing.

WidePoint Stock Up 6.3 %

NYSEAMERICAN:WYY opened at $3.72 on Friday. The company has a 50-day simple moving average of $4.08. The firm has a market capitalization of $36.46 million, a price-to-earnings ratio of -12.00 and a beta of 1.70. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. WidePoint Co. has a twelve month low of $1.83 and a twelve month high of $6.25.

Analysts Set New Price Targets

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

WidePoint 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.