Q2 2019 EPS Estimates for WidePoint Co. (WYY) Lowered by B. Riley
WidePoint Co. (NYSEAMERICAN:WYY) – Analysts at B. Riley cut their Q2 2019 EPS estimates for WidePoint in a research report issued on Monday, November 12th, according to Zacks Investment Research. B. Riley analyst M. Crawford now forecasts that the technology company will earn $0.00 per share for the quarter, down from their previous forecast of $0.01. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for WidePoint’s Q3 2019 earnings at $0.00 EPS.
Separately, Dawson James reaffirmed a “buy” rating on shares of WidePoint in a report on Monday, December 3rd.
An institutional investor recently raised its position in WidePoint stock. Renaissance Technologies LLC grew its position in WidePoint Co. (NYSEAMERICAN:WYY) by 129.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 490,600 shares of the technology company’s stock after acquiring an additional 277,099 shares during the quarter. Renaissance Technologies LLC owned about 0.59% of WidePoint worth $270,000 as of its most recent SEC filing.
In other WidePoint news, Director Morton S. Taubman sold 106,383 shares of the stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $0.47, for a total transaction of $50,000.01. The sale was disclosed in a filing with the SEC, which is accessible through this link.
WidePoint Company Profile
WidePoint Corporation provides trusted mobility management (TM2) solutions to the government and commercial sectors in North America and Europe. It offers federally certified secure identity management and communications solutions through a proprietary portal. The company provides telecom lifecycle management solutions to corporations, governments, and not-for-profit organizations that provide visibility of telecom assets enabling clients to secure and manage the telecom assets; and telecom bill presentment analytical solutions, including bill presentment, subscriber data intelligence, and hosted voice analytics to communications service providers.
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