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

StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a report published on Sunday morning. The firm issued a hold rating on the stock.

iPower Stock Down 0.0 %

IPW opened at $0.53 on Friday. iPower has a one year low of $0.40 and a one year high of $3.65. The company has a market cap of $16.67 million, a price-to-earnings ratio of 2.79 and a beta of 3.66. The business’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.91. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95.

Institutional Trading of iPower

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

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.