WidePoint (WYY) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
WidePoint (NYSE:WYY) released its earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01, AnalystRatings.NET reports.
On a related note, analysts at B. Riley reiterated a “buy” rating on shares of WidePoint in a research note on Friday, May 16th. They now have a $2.60 price target on the stock, down previously from $2.80.
WidePoint (NYSE:WYY) remained flat at $1.48 during during mid-day trading trading on Thursday. 287,285 shares of the company’s stock traded hands. WidePoint has a 1-year low of $0.70 and a 1-year high of $1.95. The stock’s 50-day moving average is $1.63 and its 200-day moving average is $1.54. The company’s market cap is $108.0 million. WidePoint also was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totalling 3,148,632 shares, a growth of 1.3% from the July 15th total of 3,109,073 shares. Based on an average daily volume of 295,113 shares, the short-interest ratio is presently 10.7 days. Approximately 5.0% of the company’s shares are short sold.
WidePoint Corporation (NYSE:WYY) is a provider of customized technology-based products and solutions to both the government sector and commercial markets.
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