iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of iPower (NYSE:IPW) in a research note published on Monday. The firm issued a hold rating on the stock.

iPower Stock Performance

NYSE IPW opened at $0.55 on Monday. iPower has a fifty-two week low of $0.41 and a fifty-two week high of $3.65. The stock has a market cap of $17.36 million, a PE ratio of 2.91 and a beta of 3.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95. The firm’s fifty day moving average price is $0.55 and its two-hundred day moving average price is $0.86.

Institutional Trading of iPower

Several hedge funds and other institutional investors have recently made changes to their positions in IPW. XTX Topco Ltd acquired a new stake in iPower during the 3rd quarter worth approximately $55,000. Chico Wealth RIA bought a new position in shares of iPower during the fourth quarter valued at $197,000. Mariner LLC acquired a new position in shares of iPower during the fourth quarter worth $34,000. Finally, Two Sigma Investments LP grew its stake in shares of iPower by 169.3% in the fourth quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after purchasing an additional 32,557 shares during the last quarter. 2.73% of the stock is currently owned by institutional investors.

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.