WidePoint Co. (WYY) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of WidePoint Co. (NYSE:WYY) from a sell rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “WidePoint is a technology-based provider of products and services to the government sector and commercial markets. WidePoint specializes in providing systems engineering, integration and information technology services. WidePoint’s wholly owned subsidiary, ORC, is at the forefront of implementing government-compliant eAuthentication identity management managed services and associated systems engineering/integration. ORC has earned four major U.S. federal government certifications offering the highest levels of assurance for transactions over the Internet. WidePoint’s profile of customers encompasses U.S. Federal Government agencies, including the Department of Defense, the Department of Homeland Security and the Department of Justice as well as major U.S. defense contractors and several major pharmaceutical companies. “

Separately, B. Riley reaffirmed a buy rating and issued a $1.50 price target on shares of WidePoint in a report on Tuesday, August 9th.

Shares of WidePoint (NYSE:WYY) opened at 0.4149 on Wednesday. WidePoint has a 1-year low of $0.37 and a 1-year high of $0.98. The stock has a 50 day moving average price of $0.43 and a 200-day moving average price of $0.61. The company’s market cap is $34.32 million.

About WidePoint

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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