iPower (NASDAQ:IPW) Releases Earnings Results

iPower (NASDAQ:IPW) posted its quarterly earnings data on Friday. The company reported ($1.08) EPS for the quarter, Zacks reports. iPower had a negative net margin of 5.87% and a negative return on equity of 17.67%. The firm had revenue of $7.13 million during the quarter.

iPower Stock Performance

iPower stock traded down $0.11 during midday trading on Friday, reaching $3.25. 875,013 shares of the stock were exchanged, compared to its average volume of 361,662. iPower has a 52 week low of $3.20 and a 52 week high of $34.65. The firm has a market cap of $3.72 million, a PE ratio of -1.01 and a beta of 3.46. The company’s fifty day moving average is $6.51 and its 200-day moving average is $12.02.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Weiss Ratings initiated coverage on iPower in a research report on Tuesday, October 28th. They set a “sell (d-)” rating on the stock. Wall Street Zen upgraded shares of iPower from a “sell” rating to a “hold” rating in a research note on Sunday, November 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, iPower presently has a consensus rating of “Sell”.

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. 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.