iPower (NASDAQ:IPW) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen lowered shares of iPower (NASDAQ:IPW) from a hold rating to a strong sell rating in a research report sent to investors on Saturday.

iPower Stock Performance

NASDAQ IPW opened at $1.92 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.83 and a quick ratio of 0.92. iPower has a 1-year low of $1.90 and a 1-year high of $34.65. The business has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $11.40. The stock has a market capitalization of $2.53 million, a PE ratio of -0.42 and a beta of 3.46.

iPower (NASDAQ:IPW) last posted its earnings results on Friday, February 20th. The company reported ($1.08) EPS for the quarter. iPower had a negative net margin of 10.35% and a negative return on equity of 26.09%. The firm had revenue of $7.13 million for the quarter.

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. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.