Ideal Power (NASDAQ:IPWR) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Ideal Power Inc. (NASDAQ:IPWR) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.03 and traded as high as $5.49. Ideal Power shares last traded at $5.28, with a volume of 49,424 shares changing hands.

Ideal Power Stock Up 4.1%

The company’s fifty day moving average is $5.03 and its 200 day moving average is $4.99. The stock has a market cap of $44.88 million, a PE ratio of -4.29 and a beta of 1.12.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.08). Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 66.48%. The business had revenue of $0.01 million during the quarter, compared to analysts’ expectations of $0.02 million.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Ideal Power in the second quarter valued at approximately $54,000. XTX Topco Ltd purchased a new stake in shares of Ideal Power during the first quarter valued at approximately $54,000. LeConte Wealth Management LLC purchased a new stake in shares of Ideal Power during the first quarter valued at approximately $939,000. Finally, Baird Financial Group Inc. raised its stake in shares of Ideal Power by 3.1% during the first quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after purchasing an additional 8,713 shares during the period. Hedge funds and other institutional investors own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company 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.