Ideal Power (IPWR) Releases Earnings Results, Beats Estimates By $0.04 EPS
Ideal Power (NASDAQ:IPWR) posted its quarterly earnings data on Monday. The industrial products company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.04, reports. Ideal Power had a negative net margin of 833.16% and a negative return on equity of 75.12%.
IPWR stock traded up $0.02 on Monday, hitting $0.72. 136,900 shares of the company were exchanged, compared to its average volume of 246,121. Ideal Power has a twelve month low of $0.65 and a twelve month high of $2.94. The firm has a market capitalization of $9.80 million, a price-to-earnings ratio of -0.92 and a beta of 0.94.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Ideal Power from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. ValuEngine raised shares of Ideal Power from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Finally, B. Riley reissued a “hold” rating on shares of Ideal Power in a research report on Monday, May 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $2.19.
Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.
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