Shares of Power REIT (NYSE:PW – Get Free Report) traded down 0.6% during mid-day trading on Wednesday. The company traded as low as $6.67 and last traded at $6.80. Approximately 5,260 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 10,718 shares. The stock had previously closed at $6.84.
Power REIT Trading Down 0.6%
The business has a fifty day simple moving average of $6.98 and a 200 day simple moving average of $8.09. The stock has a market cap of $2.50 million, a price-to-earnings ratio of -0.96 and a beta of 1.48. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.25 and a current ratio of 0.25.
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.
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