WidePoint Co. (NYSE:WYY) Receives Average Recommendation of “Strong Buy” from Analysts
WidePoint Co. (NYSE:WYY) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating. WidePoint’s rating score has improved by 50% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 12 month consensus price objective of $1.50 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given WidePoint an industry rank of 167 out of 265 based on the ratings given to related companies.
Several equities analysts recently commented on WYY shares. Zacks Investment Research lowered WidePoint from a “hold” rating to a “sell” rating in a research report on Friday, August 12th. B. Riley restated a “buy” rating and set a $1.50 price objective on shares of WidePoint in a report on Tuesday, August 9th.
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Shares of WidePoint (NYSE:WYY) traded up 5.852% during midday trading on Tuesday, hitting $0.407. The company had a trading volume of 282,526 shares. WidePoint has a 12 month low of $0.37 and a 12 month high of $1.21. The stock’s 50-day moving average price is $0.50 and its 200-day moving average price is $0.65. The company’s market cap is $33.67 million.
WidePoint Company Profile
WidePoint Corporation is a provider of information technology (IT)-based products, services and solutions. The Company offers secure, cloud-based, enterprise-wide IT-based solutions that enable commercial markets, and federal and state government organizations, to deploy fully compliant IT services in accordance with government-mandated regulations and advanced system requirements.
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