iPower (NASDAQ:IPW) Lowered to Strong Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of iPower (NASDAQ:IPW) from a sell rating to a strong sell rating in a report published on Sunday morning.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, iPower presently has an average rating of “Sell”.

iPower Stock Performance

NASDAQ IPW opened at $3.71 on Friday. The stock’s fifty day moving average is $16.68 and its two-hundred day moving average is $100.91. The firm has a market capitalization of $322,770.00, a P/E ratio of -0.01 and a beta of 3.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.81 and a current ratio of 2.20. iPower has a fifty-two week low of $2.97 and a fifty-two week high of $2,494.80.

iPower (NASDAQ:IPW) last issued its earnings results on Wednesday, May 20th. The company reported ($12.96) earnings per share (EPS) for the quarter. iPower had a negative net margin of 23.43% and a negative return on equity of 26.96%. The company had revenue of $3.50 million during the quarter. During the same period in the prior year, the firm posted ($50.40) EPS.

Insiders Place Their Bets

In other news, major shareholder Financial Lp Hrt bought 1,993 shares of the company’s stock in a transaction on Monday, July 6th. The stock was bought at an average cost of $18.72 per share, with a total value of $37,308.96. Following the transaction, the insider directly owned 8,898 shares in the company, valued at $166,570.56. The trade was a 28.86% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.96% of the stock is currently owned by corporate insiders.

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.