Ideal Power (NASDAQ:IPWR) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Ideal Power Inc. (NASDAQ:IPWR)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.86 and traded as low as $5.03. Ideal Power shares last traded at $5.12, with a volume of 15,625 shares trading hands.

Ideal Power Price Performance

The firm has a fifty day moving average of $6.11 and a two-hundred day moving average of $6.86. The stock has a market capitalization of $41.72 million, a P/E ratio of -3.66 and a beta of 1.05.

Institutional Investors Weigh In On Ideal Power

Several hedge funds have recently modified their holdings of the business. Northern Trust Corp raised its stake in Ideal Power by 34.4% in the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock worth $102,000 after buying an additional 3,443 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after acquiring an additional 9,075 shares during the period. Baird Financial Group Inc. raised its position in shares of Ideal Power by 17.8% in the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 42,032 shares in the last quarter. Finally, AIGH Capital Management LLC lifted its stake in shares of Ideal Power by 17.6% during the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock worth $6,216,000 after purchasing an additional 123,315 shares during the last quarter. Hedge funds and other institutional investors own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.