WidePoint Corp. (WYY) was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 80.26% in the past one-month time frame.
The company has witnessed one negative estimate revision over the past 30 days. The Zacks Consensus Estimate also moved lower over the same time frame, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher lasts.
Historically, the Chinese market has been relatively isolated from international investors, but much is changing there now, making China virtually impossible for the diversified investor to ignore. Earlier this year, CNBC pointed to signs that Chinese regulators may start easing up on their scrutiny of companies after months of clamping down on tech firms. That Read More
WidePoint currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
However, some better-ranked stocks in the computer services industry include Lionbridge Technologies Inc. (LIOX), Sapient Corp. (SAPE) and Syntel, Inc. (SYNT). While Lionbridge sports a Zacks Rank #1 (Strong Buy), Sapient and Syntel hold a Zacks Rank #2 (Buy).
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