StockNews.com Begins Coverage on iPower (NYSE:IPW)

Equities research analysts at StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

iPower Stock Down 4.2 %

iPower stock opened at $0.62 on Monday. The firm has a market capitalization of $19.50 million, a PE ratio of 21.80 and a beta of 3.67. The company’s 50-day moving average is $0.79 and its 200-day moving average is $1.14. iPower has a fifty-two week low of $0.40 and a fifty-two week high of $3.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royce & Associates LP bought a new stake in iPower in the 3rd quarter valued at about $26,000. XTX Topco Ltd bought a new stake in iPower in the 3rd quarter valued at about $55,000. Two Sigma Investments LP boosted its holdings in iPower by 169.3% in the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock valued at $43,000 after purchasing an additional 32,557 shares during the period. Mariner LLC bought a new stake in iPower in the 4th quarter valued at about $34,000. Finally, Chico Wealth RIA bought a new stake in iPower in the 4th quarter valued at about $197,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

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.