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

StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a research note issued to investors on Saturday morning. The brokerage issued a hold rating on the stock.

iPower Stock Performance

IPW opened at $0.69 on Friday. The firm has a market capitalization of $21.69 million, a P/E ratio of -9.86 and a beta of 3.67. The stock’s 50 day moving average price is $0.83 and its two-hundred day moving average price is $1.20. The company has a quick ratio of 1.25, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. iPower has a 12-month low of $0.40 and a 12-month high of $3.65.

Institutional Trading of iPower

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of iPower during the 3rd quarter worth approximately $55,000. Renaissance Technologies LLC grew its holdings in shares of iPower by 197.8% during the 2nd quarter. Renaissance Technologies LLC now owns 41,100 shares of the company’s stock worth $85,000 after purchasing an additional 27,300 shares in the last quarter. Chico Wealth RIA acquired a new stake in shares of iPower during the 4th quarter worth approximately $197,000. Finally, Royce & Associates LP acquired a new stake in shares of iPower during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

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.