NEW YORK ( TheStreet) -- Shares of WidePoint Corporation (AMEX: WYY) have taken a tremendous swing upward. The stock is trading at 91 cents as of 10:51 a.m. ET, 26.4% above Tuesday's closing price of 72 cents. Volume is at 98,400, 1.4 times the daily average of 68,000.

WidePoint has a market cap of $42.8 million and is part of the services sector and diversified services industry. Shares are down 46.3% year to date as of the close of trading on Tuesday.

WidePoint Corporation provides technology-based products and services to the government sector and commercial markets in the United States. The company has a P/E ratio of 7.6, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates WidePoint as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share. You can view the full WidePoint Ratings Report.

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