Digital Power Co. (NYSEAMERICAN:DPW)’s share price traded down 25.1% during trading on Wednesday . The stock traded as low as $2.65 and last traded at $2.74. 69,721,712 shares traded hands during mid-day trading, an increase of 4,699% from the average session volume of 1,452,879 shares. The stock had previously closed at $3.66.
Separately, ValuEngine raised shares of Digital Power from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th.
In related news, Director Milton C. Ault III purchased 75,100 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The shares were bought at an average cost of $0.60 per share, with a total value of $45,060.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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Digital Power Company Profile
Digital Power Corporation (DPC) is engaged in the design, manufacture and sale of power system solutions for applications in the medical, military, telecom and industrial markets. The Company operates through two segments: North America (sales through DPC) and Europe (sales through Digital Power Limited (DPL)).
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