iPower (NYSE:IPW) Shares Up 0.3% – Should You Buy?

iPower Inc. (NYSE:IPW)’s share price traded up 0.3% during trading on Tuesday . The stock traded as high as $0.57 and last traded at $0.56. 129,549 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 468,751 shares. The stock had previously closed at $0.55.

iPower Stock Performance

The company has a fifty day moving average of $0.55 and a two-hundred day moving average of $0.57. The firm has a market capitalization of $17.45 million, a price-to-earnings ratio of -13.92 and a beta of 3.47. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95.

Institutional Trading of iPower

A hedge fund recently raised its stake in iPower stock. Two Sigma Investments LP grew its holdings in shares of iPower Inc. (NYSE:IPW) by 169.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,789 shares of the company’s stock after purchasing an additional 32,557 shares during the period. Two Sigma Investments LP owned about 0.16% of iPower worth $43,000 at the end of the most recent quarter. Institutional investors own 2.73% of the company’s stock.

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.