Mon Sep 23 22:48:43 UTC 2024: ## WidePoint CFO Sells Shares, Stock Price Dips

**New York, NY** – WidePoint Co. (NYSEAMERICAN:WYY) CFO Robert J. George sold 9,000 shares of the company’s stock on Thursday, September 19th, according to a recent SEC filing. The shares were sold at an average price of $3.53, totaling $31,770. Following the transaction, George now owns 115,474 shares of WidePoint stock.

Shares of WYY closed down $0.34 on Monday, reaching $3.21. The stock’s volume was higher than average, with 86,395 shares exchanged compared to the usual 73,036.

WidePoint, a technology company specializing in TMaaS solutions for government and businesses, reported earnings for the quarter ending August 14th. The company exceeded revenue expectations, reporting $36.04 million compared to the estimated $29.64 million. However, earnings per share came in at ($0.05), beating the consensus estimate of ($0.08) by a narrow margin.

Despite the positive earnings report, analysts remain cautious about WidePoint’s future performance. StockNews.com initiated coverage with a “hold” rating, while Litchfield Hills Research upgraded the stock to a “strong-buy” rating. Overall, analysts predict that WidePoint will post a loss of ($0.23) per share for the current year.

WidePoint’s stock has traded within a range of $1.60 and $4.55 over the past 12 months. The company has a market cap of $30.98 million, a PE ratio of -7.86, and a beta of 1.65.

Investors are likely watching closely to see how WidePoint navigates the challenging market conditions and whether the company can maintain its recent growth trajectory.

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