iPower (NYSE:IPW) Now Covered by Analysts at StockNews.com

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 Trading Up 2.3 %

Shares of NYSE:IPW opened at $0.53 on Thursday. The company has a 50-day simple moving average of $0.69 and a 200 day simple moving average of $1.04. The company has a market capitalization of $16.72 million, a P/E ratio of 2.80 and a beta of 3.69. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95. iPower has a 52-week low of $0.40 and a 52-week high of $3.65.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IPW. Royce & Associates LP acquired a new stake in iPower during the 3rd quarter valued at $26,000. Mariner LLC acquired a new position in shares of iPower in the fourth quarter valued at $34,000. Two Sigma Investments LP raised its position in shares of iPower by 169.3% in the fourth quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock valued at $43,000 after purchasing an additional 32,557 shares during the period. XTX Topco Ltd acquired a new stake in shares of iPower during the 3rd quarter worth about $55,000. Finally, Chico Wealth RIA bought a new stake in shares of iPower during the 4th quarter worth about $197,000. 2.73% of the stock is owned by institutional investors and hedge funds.

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.