iPower (NYSE:IPW) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a report released on Friday. The firm set a “hold” rating on the stock.

iPower Stock Up 1.0 %

Shares of iPower stock opened at $0.53 on Friday. The company has a market cap of $15.80 million, a P/E ratio of -2.12 and a beta of 2.70. The firm’s 50 day moving average price is $0.55 and its 200-day moving average price is $0.56. iPower has a 52-week low of $0.40 and a 52-week high of $1.45.

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