iPower (NASDAQ:IPW) Trading Down 3% – Time to Sell?

Shares of iPower Inc. (NASDAQ:IPW) traded down 3% during mid-day trading on Monday . The company traded as low as $1.5204 and last traded at $1.59. 105,298 shares changed hands during trading, a decline of 48% from the average session volume of 203,036 shares. The stock had previously closed at $1.64.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut iPower from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

iPower Trading Down 3.0%

The stock has a 50-day moving average of $3.39 and a 200 day moving average of $9.76. The stock has a market cap of $2.10 million, a PE ratio of -0.35 and a beta of 3.55. The company has a quick ratio of 1.38, a current ratio of 1.83 and a debt-to-equity ratio of 0.24.

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

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.