iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

iPower Trading Down 7.5 %

NYSE:IPW opened at $0.55 on Tuesday. iPower has a one year low of $0.40 and a one year 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. The company’s 50-day simple moving average is $0.75 and its 200 day simple moving average is $1.10. The firm has a market capitalization of $17.45 million, a P/E ratio of 2.92 and a beta of 3.67.

Institutional Investors Weigh In On iPower

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

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.