iPower (NYSE:IPW) Now Covered by Analysts at StockNews.com

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

iPower Price Performance

NYSE IPW opened at $0.64 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 stock’s fifty day moving average price is $0.67 and its 200 day moving average price is $1.03. iPower has a 1 year low of $0.40 and a 1 year high of $3.65. The company has a market cap of $20.13 million, a price-to-earnings ratio of 3.37 and a beta of 3.69.

Institutional Investors Weigh In On iPower

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in iPower during the 3rd quarter worth about $55,000. Chico Wealth RIA acquired a new stake in iPower during the 4th quarter worth about $197,000. Two Sigma Investments LP grew 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 purchasing an additional 32,557 shares during the period. Mariner LLC acquired a new stake in iPower during the 4th quarter worth about $34,000. Finally, Royce & Associates LP acquired a new stake in iPower during the 3rd quarter worth about $26,000. 2.73% of the stock is owned by institutional investors and hedge funds.

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.