Watch List Stock News: WidePoint Corporation (NYSE:WYY)

WidePoint Corporation (NYSE:WYY) stock recorded a change of -10.24% away from 50 day moving average and -17.88% away from 200 day moving average. Moving closer, we can see that shares have been trading -5.85% off 20-day moving average. The stock recently spotted trading -39.73% off 52-week high price. On the other end, the stock has been noted 9.73% away from low price over the last 52-weeks. It has market cap of $35.39M.

WidePoint Corporation (NYSE:WYY), the leading provider of Trusted Mobility Management (TM2) specializing in Telecommunications Lifecycle Management, Identity Management and Bill Presentment & Analytics solutions, declared new contract awards valued at $18,786,773.

Jin Kang, Chief Executive Officer of WidePoint Corporation stated “WidePoint is beginning the Federal Fiscal Year 2019 with numerous new contracts, follow-on contracts, option years and extensions to provide a comprehensive set of customized mobility management services”. “These contractual actions support our efforts to expand WidePoint’s TM2 solutions even further into the federal market.”

Todd Dzyak, President and CEO of WidePoint Integrated Solutions Corporation and WidePoint Solutions Corporation, added: “Since the middle of July, in addition to the previously announced $12 million contract with the U.S. Coast Guard and the $1.67 million contract with the Centers for Disease Control and Prevention, WidePoint has been finalizing contract actions with numerous other customers, including the U.S. Department of Homeland Security, Transportation Security Administration, U.S. Customs and Border Protection, U.S. Department of Defense, National Institute of Allergy and Infectious Diseases, Federal Air Marshal Service, U.S. Department of Health and Human Services, U.S. Immigration and Customs Enforcement, and the National Science Foundation, among others.”

The USA based company WidePoint Corporation moved with change of -3.36% to $0.44 with the total traded volume of 95877 shares in recent session versus to an average volume of 128.55K. The stock was observed in the 5 days activity at -5.17%. The one month performance of stock was -16.05%. WYY’s shares are at -13.73% for the quarter and driving a -34.33% return over the course of the past year and is now at -32.34% since this point in 2018.

Right now the stock beta is 2.61. The average volatility for the week and month was at 5.09% and 4.71% respectively. There are 80.44M shares outstanding and 76.52M shares are floated in market.

About the Author

Kyle Webster
Kyle Webster
Kyle Webster is a self taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Kyle is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Research News category for our site. He can be reached via Email Contact -  kyle@mostvolatilestocks.com.

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