iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

iPower Price Performance

IPW stock opened at $0.58 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. The company’s 50-day moving average is $0.56 and its 200-day moving average is $0.87. The stock has a market capitalization of $18.18 million, a PE ratio of 3.04 and a beta of 3.66. iPower has a 1 year low of $0.40 and a 1 year high of $3.65.

Institutional Trading of iPower

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of iPower during the third quarter valued at about $55,000. Mariner LLC acquired a new position in iPower during the 4th quarter valued at about $34,000. Two Sigma Investments LP increased its holdings 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 in the last quarter. Finally, Chico Wealth RIA purchased a new stake in shares of iPower in the fourth quarter worth approximately $197,000. Institutional investors 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.