WidePoint Co. (NYSEAMERICAN:WYY) Director Philip E. Richter purchased 71,300 shares of the stock in a transaction on Thursday, November 30th. The stock was acquired at an average cost of $0.68 per share, for a total transaction of $48,484.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of WidePoint Co. (NYSEAMERICAN WYY) traded down $0.01 during trading on Friday, hitting $0.68. 176,000 shares of the company’s stock were exchanged, compared to its average volume of 153,083. WidePoint Co. has a 1-year low of $0.39 and a 1-year high of $0.96.
WidePoint (NYSEAMERICAN:WYY) last issued its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.00 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.01. The business had revenue of $18.46 million during the quarter, compared to the consensus estimate of $19.14 million. WidePoint had a negative net margin of 6.89% and a negative return on equity of 19.55%.
An institutional investor recently raised its position in WidePoint stock. Intellectus Partners LLC raised its holdings in WidePoint Co. (NYSEAMERICAN:WYY) by 2.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 237,855 shares of the technology company’s stock after acquiring an additional 5,000 shares during the period. Intellectus Partners LLC owned approximately 0.29% of WidePoint worth $109,000 at the end of the most recent quarter.
TRADEMARK VIOLATION WARNING: This news story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/01/insider-buying-widepoint-co-wyy-director-buys-71300-shares-of-stock.html.
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.
Receive News & Ratings for WidePoint Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WidePoint Co. and related companies with MarketBeat.com's FREE daily email newsletter.