iPower (NYSE:IPW) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a research note published on Thursday morning. The firm issued a hold rating on the stock.

iPower Trading Up 7.0 %

Shares of NYSE:IPW opened at $0.57 on Thursday. 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 firm has a market capitalization of $17.89 million, a P/E ratio of 2.99 and a beta of 3.69. The business’s 50-day moving average is $0.68 and its 200 day moving average is $1.04. iPower has a 1 year low of $0.40 and a 1 year high of $3.65.

Institutional Trading of iPower

A number of institutional investors have recently bought and sold shares of the stock. Chico Wealth RIA purchased a new position in shares of iPower in the fourth quarter worth $197,000. Mariner LLC purchased a new position in iPower in the 4th quarter worth $34,000. Two Sigma Investments LP lifted its position in iPower by 169.3% during the 4th 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 during the period. XTX Topco Ltd purchased a new stake in iPower during the 3rd quarter valued at about $55,000. Finally, Royce & Associates LP acquired a new position in shares of iPower in the third quarter valued at about $26,000. 2.73% of the stock is currently owned by institutional investors and hedge funds.

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.