StockNews.com began coverage on shares of iPower (NASDAQ:IPW – Get Rating) in a research note published on Monday morning. The brokerage issued a hold rating on the stock.
iPower Stock Down 2.5 %
Shares of NASDAQ IPW opened at $0.53 on Monday. The stock has a market cap of $13.94 million, a PE ratio of -1.50 and a beta of 2.29. The business has a fifty day moving average of $0.56 and a two-hundred day moving average of $0.64. iPower has a 52-week low of $0.35 and a 52-week high of $1.40. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.96 and a current ratio of 1.88.
Institutional Trading of iPower
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in iPower in the first quarter worth about $61,000. Millennium Management LLC bought a new position in iPower during the second quarter worth about $52,000. Finally, Vanguard Group Inc. boosted its holdings in iPower by 409.0% during the first quarter. Vanguard Group Inc. now owns 353,924 shares of the company’s stock worth $595,000 after buying an additional 284,391 shares during the last quarter. 1.85% of the stock is currently owned by institutional investors and hedge funds.
iPower Company Profile
iPower Inc operates as an online retailer and supplier of hydroponics equipment and accessories for commercial businesses and individuals in the United States. It offers advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening; general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.
- Get a free copy of the StockNews.com research report on iPower (IPW)
- Ralph Lauren’s Styled Dividend Is Still In Season
- Dollar Tree Falls As Theft Cuts Into Bottom Line
- Best Buy’s Comeback Is Still At Play, Earnings Call For Patience
- e.l.f. Beauty Has Giant Quarter, Shares Hit New High
- If You Can Only Pick One Stock For The Rest Of 2023, Pick Nvidia
Receive News & Ratings for iPower Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iPower and related companies with MarketBeat.com's FREE daily email newsletter.