DPW (DPW) Shares Down 13.8%

DPW Holdings Inc (NYSEAMERICAN:DPW) shares dropped 13.8% during mid-day trading on Friday . The company traded as low as $0.25 and last traded at $0.25. Approximately 1,786,158 shares traded hands during trading, a decline of 27% from the average daily volume of 2,460,505 shares. The stock had previously closed at $0.29.

DPW (NYSEAMERICAN:DPW) last released its earnings results on Thursday, November 15th. The technology company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.01. The business had revenue of $8.34 million during the quarter, compared to analysts’ expectations of $11.20 million.

An institutional investor recently raised its position in DPW stock. GSA Capital Partners LLP lifted its holdings in DPW Holdings Inc (NYSEAMERICAN:DPW) by 56.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,083,983 shares of the technology company’s stock after buying an additional 392,200 shares during the quarter. GSA Capital Partners LLP owned approximately 1.54% of DPW worth $454,000 as of its most recent SEC filing.

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DPW Holdings, Inc designs, develops, manufactures, and sells power system solutions for the military/aerospace, medical and industrial-telecommunication industries in North America and Europe. The company offers custom power system solutions; high-grade flexibility series power supply products, such as power rectifiers; and value-added services for original equipment manufacturers.

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