Financial Lp Hrt Purchases 17,944 Shares of iPower (NASDAQ:IPW) Stock

iPower Inc. (NASDAQ:IPW) major shareholder Financial Lp Hrt purchased 17,944 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was purchased at an average price of $2.08 per share, with a total value of $37,323.52. Following the completion of the purchase, the insider directly owned 80,088 shares in the company, valued at $166,583.04. The trade was a 28.87% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Tuesday, July 7th, Financial Lp Hrt sold 12,940 shares of iPower stock. The stock was sold at an average price of $1.78, for a total value of $23,033.20.

iPower Price Performance

IPW traded up $0.07 on Thursday, reaching $1.64. The stock had a trading volume of 235,143 shares, compared to its average volume of 269,597. iPower Inc. has a fifty-two week low of $1.54 and a fifty-two week high of $277.20. The firm has a 50-day moving average of $4.04 and a 200-day moving average of $21.05. The company has a current ratio of 2.20, a quick ratio of 1.81 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.08 million, a price-to-earnings ratio of -0.03 and a beta of 2.91.

iPower (NASDAQ:IPW) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($1.44) EPS for the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. The firm had revenue of $3.50 million for the quarter. During the same quarter last year, the firm earned ($5.60) earnings per share.

Wall Street Analyst Weigh In

IPW has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research report on Friday, April 17th. Wall Street Zen raised shares of iPower from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, iPower presently has a consensus rating of “Sell”.

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.