Power REIT (NYSE:PW) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Power REIT (NYSE:PW – Get Rating) in a report published on Saturday. The brokerage issued a hold rating on the stock.

Power REIT Stock Performance

Shares of Power REIT stock opened at $4.70 on Friday. The company has a market cap of $15.93 million, a PE ratio of 6.35 and a beta of 0.95. Power REIT has a 52 week low of $3.70 and a 52 week high of $68.82. The business has a 50 day moving average price of $4.86 and a 200-day moving average price of $10.23. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.68.

Power REIT Company Profile

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Power REIT is a holding company, which owns a portfolio of real estate assets related to transportation and energy infrastructure. It also expanded its real estate portfolio related to controlled environment agriculture for the cultivation of food and cannabis. The company was founded on August 26, 2011 and is headquartered in Old Bethpage, NY.