Power REIT (NYSE:PW) Trading Down 1.7% – Time to Sell?

Power REIT (NYSE:PW) fell 1.7% during mid-day trading on Wednesday . The company traded as low as $1.14 and last traded at $1.15. 12,080 shares were traded during mid-day trading, a decline of 97% from the average session volume of 361,664 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on Power REIT in a research report on Wednesday, May 21st. They set a “sell” rating for the company.

Power REIT Stock Down 1.7%

The stock has a market cap of $3.90 million, a P/E ratio of -0.16 and a beta of 1.33. The firm has a 50 day simple moving average of $1.12 and a two-hundred day simple moving average of $1.20. The company has a debt-to-equity ratio of 15.62, a quick ratio of 0.25 and a current ratio of 0.25.

Institutional Trading of Power REIT

An institutional investor recently bought a new position in Power REIT stock. Virtu Financial LLC acquired a new stake in Power REIT (NYSE:PW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,407 shares of the company’s stock, valued at approximately $32,000. Virtu Financial LLC owned 0.72% of Power REIT as of its most recent SEC filing. 14.65% of the stock is currently owned by institutional investors.

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.