Ideal Power (NASDAQ:IPWR) Shares Cross Below Two Hundred Day Moving Average of $8.62

Ideal Power Inc. (NASDAQ:IPWR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.62 and traded as low as $7.62. Ideal Power shares last traded at $7.90, with a volume of 16,227 shares trading hands.

Analysts Set New Price Targets

Separately, Benchmark dropped their target price on Ideal Power from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, March 27th.

Ideal Power Stock Performance

The stock has a market capitalization of $58.22 million, a PE ratio of -4.91 and a beta of 1.01. The stock’s 50 day moving average is $9.47 and its two-hundred day moving average is $8.62.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings results on Thursday, February 29th. The industrial products company reported ($0.39) earnings per share for the quarter. The company had revenue of $0.06 million during the quarter. Ideal Power had a negative net margin of 4,977.50% and a negative return on equity of 75.69%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ideal Power stock. Bailard Inc. grew its holdings in Ideal Power Inc. (NASDAQ:IPWR) by 16.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,515 shares of the industrial products company’s stock after purchasing an additional 3,181 shares during the quarter. Bailard Inc. owned about 0.38% of Ideal Power worth $218,000 as of its most recent SEC filing. 16.37% of the stock is owned by institutional investors.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. The company offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. It serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.