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. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.
More from Markets
Powell's Chance at Redemption, Stunned by Salesforce's Strong Beat: Market Recon
The Fed Chair's address this day will move markets. This we know.
Jackson Hole: What Analysts Are Saying Ahead of Fed Chairman Powell's Speech
Federal Reserve Chairman Jerome Powell is scheduled to give a speech Friday at 10 a.m. ET on 'monetary policy challenges,' amid criticism from President Donald Trump that the central bank has set interest rates too high. Here's what analysts are saying.
Hibbett Sports Up After Posting a Narrower-Than-Expected Loss, Lifting Guidance
Hibbett Sports rises after reporting a narrower-than-expected second-quarter loss.