iPower (NASDAQ:IPW) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen downgraded shares of iPower (NASDAQ:IPW) from a hold rating to a strong sell rating in a research note released on Saturday morning.

iPower Stock Performance

IPW opened at $2.08 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.24. iPower has a 12-month low of $1.76 and a 12-month high of $34.65. The business has a 50 day moving average of $5.29 and a 200-day moving average of $11.26. The stock has a market cap of $2.75 million, a price-to-earnings ratio of -0.45 and a beta of 3.55.

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

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.