StockNews.com Begins Coverage on Power REIT (NYSE:PW)

StockNews.com began coverage on shares of Power REIT (NYSE:PW) in a report released on Wednesday. The brokerage issued a sell rating on the stock.

Power REIT Trading Down 3.5 %

Shares of PW stock opened at $1.15 on Wednesday. Power REIT has a fifty-two week low of $0.40 and a fifty-two week high of $2.75. 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 stock has a 50 day simple moving average of $1.16 and a two-hundred day simple moving average of $1.19. The company has a market cap of $3.90 million, a P/E ratio of -0.16 and a beta of 1.63.

Institutional Trading of Power REIT

A hedge fund recently bought a new stake in Power REIT stock. Virtu Financial LLC purchased a new stake in Power REIT (NYSE:PW) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned approximately 0.72% of Power REIT at the end of the most recent quarter. Institutional investors own 14.65% of the company’s stock.

Power REIT Company Profile

Power REIT, with a focus on the Triple Bottom Line and a commitment to Profit, Planet and People is a specialized real estate investment trust (REIT) that owns sustainable real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.