Shares of Power REIT (NYSE:PW – Get Free Report) fell 0.6% on Wednesday. The company traded as low as $6.67 and last traded at $6.80. 5,260 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 10,718 shares. The stock had previously closed at $6.84.
Power REIT Stock Down 0.6%
The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 15.62. The firm has a 50 day moving average price of $6.98 and a 200-day moving average price of $8.09. The firm has a market cap of $2.50 million, a price-to-earnings ratio of -0.96 and a beta of 1.48.
Power REIT Company Profile
Power REIT is a real estate investment trust that owns and manages properties associated with infrastructure and essential-use assets. Its portfolio has included real estate supporting renewable energy projects, controlled-environment agriculture facilities and transportation infrastructure.
The company has focused on acquiring land and specialized properties that can generate rental income through long-term leases or other real estate arrangements. Its renewable-energy holdings have included land underlying solar installations, while its controlled-environment agriculture properties have included greenhouse facilities designed for year-round cultivation.
Power REIT was established in 1967 and has historically owned railroad-related real estate.
Further Reading
- Five stocks we like better than Power REIT
- Why ExxonMobil and Chevron Reminded Investors to Keep it Simple
- Amazon Has Erased Its Earnings Sell-Off, But Is the Biggest Opportunity Still Ahead?
- onsemi’s AI Sales Surge 175%: Is a Stock Recovery Next?
- Energy Transfer’s Earnings Miss May Be Hiding Its Strongest Advantage
Receive News & Ratings for Power REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Power REIT and related companies with MarketBeat.com's FREE daily email newsletter.
