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

Equities research analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

iPower Stock Down 1.7 %

NYSE IPW opened at $0.51 on Wednesday. The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 0.19. The company has a market cap of $16.07 million, a price-to-earnings ratio of 2.69 and a beta of 3.69. The company has a 50 day moving average of $0.72 and a 200-day moving average of $1.06. iPower has a 1-year low of $0.40 and a 1-year high of $3.65.

Institutional Trading of iPower

Institutional investors have recently modified their holdings of the stock. Royce & Associates LP bought a new position in shares of iPower in the third quarter worth $26,000. XTX Topco Ltd acquired a new stake in iPower during the third quarter worth about $55,000. Mariner LLC bought a new position in iPower in the 4th quarter valued at about $34,000. Two Sigma Investments LP raised its position in shares of 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 buying an additional 32,557 shares in the last quarter. Finally, Chico Wealth RIA bought a new stake in shares of iPower during the 4th quarter worth approximately $197,000. 2.73% of the stock is currently owned by institutional investors.

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.