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

StockNews.com started coverage on shares of iPower (NYSE:IPW) in a research report sent to investors on Sunday. The firm issued a hold rating on the stock.

iPower Stock Performance

Shares of IPW opened at $0.47 on Friday. 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 firm has a market cap of $14.62 million, a PE ratio of 2.45 and a beta of 3.66. iPower has a 12 month low of $0.40 and a 12 month high of $3.65. The stock has a fifty day moving average price of $0.58 and a 200-day moving average price of $0.92.

Institutional Investors Weigh In On iPower

Several institutional investors have recently added to or reduced their stakes in IPW. Chico Wealth RIA acquired a new position in shares of iPower during the fourth quarter valued at 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 last quarter. Mariner LLC acquired a new position in iPower during the 4th quarter valued at approximately $34,000. Finally, XTX Topco Ltd purchased a new position in shares of iPower in the third quarter worth $55,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

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.