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

StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a research note released on Monday morning. The firm issued a hold rating on the stock.

iPower Stock Up 7.5 %

Shares of NYSE:IPW opened at $0.65 on Monday. 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 firm has a market capitalization of $20.35 million, a PE ratio of 21.80 and a beta of 3.67. The firm’s 50-day moving average is $0.79 and its two-hundred day moving average is $1.14. iPower has a 1 year low of $0.40 and a 1 year high of $3.65.

Institutional Trading of iPower

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new stake in iPower during the third quarter worth about $55,000. Chico Wealth RIA purchased a new stake in shares of iPower during the fourth quarter worth approximately $197,000. Two Sigma Investments LP increased its stake in shares of iPower by 169.3% during the fourth 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 period. Mariner LLC purchased a new stake in shares of iPower during the fourth quarter worth approximately $34,000. Finally, Royce & Associates LP purchased a new stake in shares of iPower during the third quarter worth approximately $26,000. 2.73% of the stock is currently owned by hedge funds and other 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.