iPower (NASDAQ:IPW) Trading 1.1% Higher

iPower Inc. (NASDAQ:IPWGet Rating) shares traded up 1.1% on Monday . The company traded as high as $0.95 and last traded at $0.91. 30,441 shares traded hands during trading, a decline of 85% from the average session volume of 208,356 shares. The stock had previously closed at $0.90.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on iPower in a report on Tuesday, August 9th. They set a “hold” rating on the stock.

iPower Stock Up 1.1 %

The company has a quick ratio of 1.62, a current ratio of 2.84 and a debt-to-equity ratio of 0.40. The firm has a market cap of $24.18 million, a price-to-earnings ratio of 45.64 and a beta of 1.07. The stock’s 50 day moving average is $1.14 and its 200 day moving average is $1.16.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC acquired a new position in iPower in the first quarter worth approximately $61,000. Millennium Management LLC acquired a new position in iPower in the second quarter worth approximately $52,000. Finally, Vanguard Group Inc. grew its position in iPower by 409.0% in 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. Institutional investors and hedge funds own 2.45% of the company’s stock.

iPower Company Profile

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iPower Inc engages in the online retail of hydroponics equipment in the United States. It offers various products, including 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, as well as other indoor and outdoor growing products under the iPower and Simple Deluxe brands through its Zenhydro.com website and various third-party e-commerce channels.

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