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

Research analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPWGet Free Report) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

iPower Stock Up 8.0 %

Shares of IPW stock opened at $0.66 on Friday. iPower has a 12 month low of $0.40 and a 12 month high of $1.45. The firm has a market cap of $19.64 million, a PE ratio of -2.63 and a beta of 2.70. The stock has a 50 day moving average of $0.54 and a 200-day moving average of $0.56.

iPower (NYSE:IPWGet Free Report) last posted its quarterly earnings data 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 company had revenue of $16.80 million for the quarter, compared to the consensus estimate of $26.50 million. As a group, equities analysts predict that iPower will post -0.2 EPS for the current fiscal year.

About iPower

(Get Free Report)

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.

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