Shares of Digital Power Co. (NYSEAMERICAN:DPW) were down 9.7% on Wednesday . The stock traded as low as $0.56 and last traded at $0.56. Approximately 525,000 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 407,001 shares. The stock had previously closed at $0.62.

Separately, ValuEngine raised Digital Power from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st.

In other news, Director Milton C. Ault III purchased 75,100 shares of the stock in a transaction dated Wednesday, October 4th. The shares were purchased at an average cost of $0.60 per share, with a total value of $45,060.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

A hedge fund recently bought a new stake in Digital Power stock. Asset Management One Co. Ltd. acquired a new position in Digital Power Co. (NYSEAMERICAN:DPW) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 166,719 shares of the technology company’s stock, valued at approximately $3,745,000. Asset Management One Co. Ltd. owned approximately 1.03% of Digital Power at the end of the most recent reporting period.

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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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