Truvestments Capital LLC Makes New Investment in WidePoint Co. (NYSEAMERICAN:WYY)

Truvestments Capital LLC purchased a new position in shares of WidePoint Co. (NYSEAMERICAN:WYY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 38,473 shares of the technology company’s stock, valued at approximately $186,000.

Separately, Private Advisor Group LLC boosted its holdings in shares of WidePoint by 29.2% in the 4th quarter. Private Advisor Group LLC now owns 31,000 shares of the technology company’s stock valued at $150,000 after buying an additional 7,000 shares in the last quarter. Institutional investors and hedge funds own 22.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, HC Wainwright restated a “buy” rating and issued a $7.00 target price on shares of WidePoint in a report on Thursday, November 14th.

WidePoint Trading Up 4.0 %

Shares of WidePoint stock opened at $3.66 on Thursday. The firm has a fifty day moving average of $4.04. WidePoint Co. has a 12-month low of $1.83 and a 12-month high of $6.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $35.87 million, a PE ratio of -11.81 and a beta of 1.70.

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.