Power REIT (NYSE:PW – Get Free Report)’s share price dropped 2.7% during trading on Friday . The stock traded as low as $0.9313 and last traded at $0.9539. Approximately 8,468 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 227,812 shares. The stock had previously closed at $0.9801.
Power REIT Stock Performance
The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 15.62. The business has a 50 day moving average price of $0.83 and a two-hundred day moving average price of $1.03. The stock has a market cap of $3.23 million, a P/E ratio of -0.13 and a beta of 1.51.
About Power REIT
Power REIT is a real estate investment trust focused on acquiring and managing rural properties that support sustainable energy and agricultural uses. The company’s primary business activities involve purchasing farmland and timberland and granting long-term easements to renewable energy developers and utilities for solar and wind projects. By combining traditional land ownership with energy-transition partnerships, Power REIT seeks to generate stable, lease-based cash flows while preserving the underlying real estate’s value.
The firm’s portfolio includes solar and wind easements on timberland in states such as Virginia, Alabama and Georgia, as well as farmland in the Midwest leased to agricultural operators.
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