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

StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a research report sent to investors on Friday. The brokerage issued a hold rating on the stock.

iPower Stock Performance

Shares of NYSE IPW opened at $0.52 on Friday. The stock has a market cap of $16.26 million, a PE ratio of 2.72 and a beta of 3.69. iPower has a 1 year low of $0.40 and a 1 year high of $3.65. The firm has a fifty day moving average price of $0.65 and a 200-day moving average price of $1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25.

Institutional Investors Weigh In On iPower

A number of institutional investors and hedge funds have recently bought and sold shares of IPW. XTX Topco Ltd bought a new position in shares of iPower in the third quarter worth about $55,000. Two Sigma Investments LP lifted its holdings in iPower by 169.3% in the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after purchasing an additional 32,557 shares in the last quarter. Mariner LLC bought a new position in iPower in the 4th quarter worth approximately $34,000. Finally, Chico Wealth RIA purchased a new stake in iPower during the 4th quarter valued at approximately $197,000. 2.73% of the stock is owned by institutional investors.

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.