iPower (NASDAQ:IPW) Upgraded to Sell at Wall Street Zen

Wall Street Zen upgraded shares of iPower (NASDAQ:IPW) from a strong sell rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

iPower Price Performance

Shares of iPower stock opened at $1.87 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. iPower has a twelve month low of $1.76 and a twelve month high of $2,494.80. The business has a 50-day moving average price of $7.08 and a 200 day moving average price of $59.32. The firm has a market cap of $1.76 million, a PE ratio of -0.00 and a beta of 2.92.

Insider Buying and Selling

In other news, major shareholder Financial Lp Hrt bought 1,993 shares of the firm’s stock in a transaction on Monday, July 6th. The shares were bought at an average cost of $18.72 per share, for a total transaction of $37,308.96. Following the acquisition, the insider directly owned 8,898 shares of the company’s stock, valued at $166,570.56. This trade represents a 28.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 25.96% of the stock is owned by company insiders.

iPower Company Profile

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. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.