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

Investment analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

iPower Trading Down 5.4 %

IPW opened at $0.57 on Wednesday. iPower has a 12-month low of $0.41 and a 12-month high of $3.65. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. The stock has a market capitalization of $17.84 million, a PE ratio of 2.99 and a beta of 3.64. The firm’s fifty day moving average price is $0.54 and its 200 day moving average price is $0.78.

Institutional Investors Weigh In On iPower

Institutional investors have recently made changes to their positions in the company. Mariner LLC bought a new position in iPower during the fourth quarter worth $34,000. Two Sigma Investments LP lifted its position in shares of 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 buying an additional 32,557 shares during the last quarter. Finally, Chico Wealth RIA acquired a new position in shares of iPower in the 4th quarter valued at about $197,000. 2.73% of the stock is currently owned by institutional investors.

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.