StockNews.com Begins Coverage on iPower (NYSE:IPW)

Stock analysts at StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a report released on Thursday. The brokerage set a “hold” rating on the stock.

iPower Stock Performance

NYSE:IPW opened at $0.47 on Thursday. The stock’s fifty day moving average is $0.58 and its 200 day moving average is $0.56. iPower has a fifty-two week low of $0.40 and a fifty-two week high of $1.45. The firm has a market capitalization of $13.97 million, a PE ratio of -1.87 and a beta of 2.80.

iPower (NYSE:IPW) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.01). iPower had a negative net margin of 8.88% and a negative return on equity of 37.62%. The company had revenue of $16.80 million for the quarter, compared to analysts’ expectations of $26.50 million. Equities analysts forecast that iPower will post -0.2 EPS for the current year.

iPower Company Profile

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.