Ideal Power (NASDAQ:IPWR) Shares Cross Below Two Hundred Day Moving Average of $8.62

Ideal Power Inc. (NASDAQ:IPWR) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.62 and traded as low as $7.62. Ideal Power shares last traded at $7.90, with a volume of 16,227 shares trading hands.

Analyst Ratings Changes

Separately, Benchmark dropped their price target on Ideal Power from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, March 27th.

Ideal Power Price Performance

The firm has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $8.62. The company has a market cap of $58.22 million, a PE ratio of -4.91 and a beta of 1.01.

Ideal Power (NASDAQ:IPWR) last released its quarterly earnings results on Thursday, February 29th. The industrial products company reported ($0.39) earnings per share for the quarter. The company had revenue of $0.06 million for the quarter. Ideal Power had a negative return on equity of 75.69% and a negative net margin of 4,977.50%.

Institutional Investors Weigh In On Ideal Power

A hedge fund recently raised its stake in Ideal Power stock. Bailard Inc. lifted its holdings in shares of Ideal Power Inc. (NASDAQ:IPWR) by 16.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,515 shares of the industrial products company’s stock after purchasing an additional 3,181 shares during the quarter. Bailard Inc. owned about 0.38% of Ideal Power worth $218,000 as of its most recent SEC filing. Institutional investors and hedge funds own 16.37% of the company’s stock.

About Ideal Power

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. The company offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. It 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.