The stock had amassed a volume of more than 4 million by 2:05 p.m., which was more than 285 times its average volume of 13,993. Interestingly, the company has made no announcements in the last month. The stock skyrocketed more than 65% during the trading day.
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TheStreet Ratings team rates DIGITAL POWER CORP as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate DIGITAL POWER CORP (DPW) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself.
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.