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

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

iPower Trading Down 1.6%

Shares of IPW opened at $0.61 on Thursday. iPower has a fifty-two week low of $0.41 and a fifty-two week high of $3.65. The company has a market capitalization of $19.18 million, a PE ratio of 3.21 and a beta of 3.64. The stock has a fifty day moving average of $0.54 and a two-hundred day moving average of $0.74. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95.

Institutional Trading of iPower

Hedge funds have recently added to or reduced their stakes in the business. Chico Wealth RIA acquired a new position in shares of iPower during the 4th quarter valued at about $197,000. Mariner LLC purchased a new stake in iPower in the fourth quarter valued at approximately $34,000. Finally, Two Sigma Investments LP increased its position in iPower by 169.3% during the fourth 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. 2.73% of the stock is owned by institutional investors and hedge funds.

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.