iPower (NASDAQ:IPW) Shares Down 2.1% – Here’s Why

Shares of iPower Inc. (NASDAQ:IPW) traded down 2.1% during trading on Thursday . The stock traded as low as $9.04 and last traded at $9.65. 15,359 shares traded hands during trading, a decline of 64% from the average session volume of 42,136 shares. The stock had previously closed at $9.86.

Wall Street Analyst Weigh In

Separately, Weiss Ratings assumed coverage on shares of iPower in a research note on Tuesday, October 28th. They issued a “sell (d-)” rating for the company. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

iPower Trading Down 2.1%

The company has a 50-day moving average price of $15.99 and a two-hundred day moving average price of $17.24. The stock has a market cap of $10.13 million, a P/E ratio of -2.14 and a beta of 3.44.

iPower (NASDAQ:IPW) last posted its quarterly earnings data on Thursday, October 9th. The company reported ($0.10) EPS for the quarter. iPower had a negative return on equity of 24.28% and a negative net margin of 7.51%.The firm had revenue of $11.49 million for the quarter.

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.