Ideal Power (NASDAQ:IPWR) Announces Quarterly Earnings Results

Ideal Power (NASDAQ:IPWR) posted its quarterly earnings results on Thursday. The industrial products company reported ($0.29) earnings per share (EPS) for the quarter, Zacks reports. Ideal Power had a negative return on equity of 55.69% and a negative net margin of 7,152.45%.

Ideal Power Stock Performance

Shares of NASDAQ IPWR traded up $0.37 during midday trading on Thursday, reaching $5.63. 21,557 shares of the company traded hands, compared to its average volume of 29,044. The firm has a market cap of $45.87 million, a PE ratio of -4.02 and a beta of 1.02. Ideal Power has a 12 month low of $4.95 and a 12 month high of $13.98. The stock’s 50-day simple moving average is $7.07 and its 200-day simple moving average is $7.28.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.