WidePoint Co. (NYSEAMERICAN:WYY – Get Free Report) CFO Robert J. George sold 9,000 shares of the firm’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $3.53, for a total transaction of $31,770.00. Following the completion of the transaction, the chief financial officer now directly owns 115,474 shares in the company, valued at approximately $407,623.22. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
WidePoint Price Performance
WidePoint stock opened at $3.31 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $31.94 million, a price-to-earnings ratio of -7.88 and a beta of 1.65. WidePoint Co. has a twelve month low of $1.60 and a twelve month high of $4.55.
WidePoint (NYSEAMERICAN:WYY – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $29.64 million. As a group, research analysts anticipate that WidePoint Co. will post -0.23 EPS for the current year.
Institutional Inflows and Outflows
Analyst Ratings Changes
Several equities analysts have commented on WYY shares. StockNews.com started coverage on shares of WidePoint in a research report on Sunday, June 16th. They set a “hold” rating on the stock. Litchfield Hills Research upgraded shares of WidePoint to a “strong-buy” rating in a research note on Monday, June 24th.
Read Our Latest Stock Analysis on WidePoint
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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