Shares of Power REIT (NYSE:PW – Get Free Report) crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $6.90 and traded as low as $6.67. Power REIT shares last traded at $6.6840, with a volume of 4,139 shares.
Power REIT Stock Down 1.4%
The stock has a 50-day simple moving average of $6.88 and a 200-day simple moving average of $7.98. The firm has a market capitalization of $2.41 million, a PE ratio of -0.93 and a beta of 1.48. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 15.62.
About Power REIT
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.
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