Research analysts at StockNews.com started coverage on shares of iPower (NYSE:IPW – Get Free Report) in a research report issued to clients and investors on Friday. The firm set a “hold” rating on the stock.
iPower Stock Up 1.0 %
Shares of IPW opened at $0.53 on Friday. iPower has a twelve month low of $0.40 and a twelve month high of $1.45. The company has a market capitalization of $15.80 million, a P/E ratio of -2.12 and a beta of 2.70. The firm has a 50 day moving average of $0.55 and a 200 day moving average of $0.56.
iPower (NYSE:IPW – Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.01). iPower had a negative net margin of 8.88% and a negative return on equity of 37.62%. The business had revenue of $16.80 million for the quarter, compared to analysts’ expectations of $26.50 million. On average, sell-side analysts expect that iPower will post -0.2 EPS for the current year.
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.
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