XTX Topco Ltd Takes $54,000 Position in Ideal Power Inc. (NASDAQ:IPWR)

XTX Topco Ltd acquired a new stake in shares of Ideal Power Inc. (NASDAQ:IPWR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,379 shares of the industrial products company’s stock, valued at approximately $54,000. XTX Topco Ltd owned about 0.12% of Ideal Power at the end of the most recent quarter.

Separately, Baird Financial Group Inc. raised its stake in shares of Ideal Power by 17.8% during the fourth quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock valued at $2,101,000 after acquiring an additional 42,032 shares during the last quarter. Institutional investors own 16.37% of the company’s stock.

Ideal Power Trading Up 1.2%

Shares of NASDAQ:IPWR opened at $5.24 on Friday. Ideal Power Inc. has a 12 month low of $3.77 and a 12 month high of $8.85. The company has a 50-day moving average price of $4.89 and a 200-day moving average price of $5.17. The company has a market cap of $43.75 million, a price-to-earnings ratio of -4.26 and a beta of 0.90.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Thursday, August 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.08). Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 61.71%. The company had revenue of $0.01 million for the quarter, compared to analysts’ expectations of $0.02 million.

Wall Street Analyst Weigh In

Separately, Westpark Capital reaffirmed a “hold” rating on shares of Ideal Power in a research note on Friday, May 16th.

Ideal Power Company Profile

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