iPower (NASDAQ:IPW) Downgraded to “Strong Sell” Rating by Wall Street Zen

iPower (NASDAQ:IPW) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “strong sell” rating in a research note issued on Saturday.

iPower Price Performance

iPower stock opened at $1.92 on Friday. The company has a current ratio of 1.83, a quick ratio of 0.92 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $5.49 and a 200-day simple moving average of $11.40. The stock has a market cap of $2.53 million, a P/E ratio of -0.42 and a beta of 3.46. iPower has a 12-month low of $1.90 and a 12-month high of $34.65.

iPower (NASDAQ:IPW) last posted its earnings results on Friday, February 20th. The company reported ($1.08) EPS for the quarter. iPower had a negative net margin of 10.35% and a negative return on equity of 26.09%. The business had revenue of $7.13 million during the quarter.

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. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.