Power REIT (NYSE:PW – Get Free Report) passed below its 50-day moving average during trading on Wednesday. The stock has a 50-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 trading hands.
Power REIT Price Performance
The firm has a market cap of $2.45 million, a price-to-earnings ratio of -0.94 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. The business has a 50 day simple moving average of $6.90 and a 200-day simple moving average of $8.01.
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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