Why DPW Holdings Is Trading Higher Today

DPW Holdings DPW shares are trading higher on Wednesday, after the company's Gresham Worldwide defense business announced it has received purchase orders totaling $3.2 million from four defense contractors.

DPW Holdings is a diversified holding company that owns operating subsidiaries that are engaged in business operations such as defense, aerospace, commercial, health/medical, finance and commercial lending sectors. The company's main subsidiary Gresham Worldwide provides advanced bespoke military and commercial applications.

DPW Holdings shares are trading up 266.90% at $5.21 at time of publication on Wednesday. The stock has a 52-week high of $15.16 and a 52-week low of 53 cents.