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

StockNews.com began coverage on shares of Power REIT (NYSE:PW) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the stock.

Power REIT Stock Performance

NYSE PW opened at $1.10 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 63.11. Power REIT has a 52-week low of $0.40 and a 52-week high of $2.70. The business’s 50-day moving average price is $1.30 and its 200 day moving average price is $0.89. The firm has a market cap of $3.73 million, a P/E ratio of -0.22 and a beta of 1.38.

About Power REIT

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.