DPW (NYSEAMERICAN:DPW) Shares Gap Up to $0.14

DPW Holdings Inc (NYSEAMERICAN:DPW) gapped up prior to trading on Monday . The stock had previously closed at $0.14, but opened at $0.14. DPW shares last traded at $0.14, with a volume of 259,245 shares traded.

DPW shares are set to reverse split before the market opens on Tuesday, August 6th. The 1-40 reverse split was announced on Thursday, July 25th. The number of shares owned by shareholders will be adjusted after the closing bell on Monday, August 5th.

DPW (NYSEAMERICAN:DPW) last issued its quarterly earnings results on Tuesday, May 21st. The technology company reported ($41.60) EPS for the quarter. The business had revenue of $6.94 million during the quarter.

A hedge fund recently bought a new stake in DPW stock. Deutsche Bank AG acquired a new stake in shares of DPW Holdings Inc (NYSEAMERICAN:DPW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 266,800 shares of the technology company’s stock, valued at approximately $27,000. Deutsche Bank AG owned 4.09% of DPW at the end of the most recent quarter.

About DPW (NYSEAMERICAN:DPW)

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.

Further Reading: Preferred Stock

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