iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of iPower (NYSE:IPW) in a report released on Monday. The brokerage issued a hold rating on the stock.

iPower Trading Down 6.5 %

NYSE IPW opened at $0.57 on Monday. The stock has a market capitalization of $17.93 million, a P/E ratio of 3.00 and a beta of 3.67. The business has a 50 day simple moving average of $0.78 and a 200 day simple moving average of $1.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. iPower has a one year low of $0.40 and a one year high of $3.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP raised its holdings in shares of iPower by 169.3% during the fourth quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock valued at $43,000 after purchasing an additional 32,557 shares during the period. Mariner LLC bought a new stake in iPower in the 4th quarter valued at about $34,000. Chico Wealth RIA acquired a new position in iPower during the 4th quarter worth approximately $197,000. XTX Topco Ltd bought a new position in iPower in the third quarter worth approximately $55,000. Finally, Royce & Associates LP acquired a new stake in iPower in the third quarter valued at approximately $26,000. 2.73% of the stock is owned by institutional investors.

About iPower

iPower Inc operates as an online retailer and supplier of consumer home, garden, and pet products for commercial businesses and individuals in the United States. The company offers grow light systems; advanced heating, ventilation, and air conditioning systems; water pumps, heaters, chillers, and filters; nutrient and fertilizer delivery systems; and various growing media products.