Ideal Power (NASDAQ:IPWR) Stock Passes Below 200 Day Moving Average – Should You Sell?

Shares of Ideal Power Inc. (NASDAQ:IPWR) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.02 and traded as low as $4.73. Ideal Power shares last traded at $4.80, with a volume of 6,495 shares traded.

Ideal Power Trading Up 2.1 %

The company has a 50-day moving average price of $6.56 and a two-hundred day moving average price of $7.02. The stock has a market capitalization of $39.11 million, a P/E ratio of -3.43 and a beta of 1.05.

Institutional Trading of Ideal Power

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after buying an additional 9,075 shares in the last quarter. Northern Trust Corp increased its position in Ideal Power by 34.4% in the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock valued at $102,000 after buying an additional 3,443 shares in the last quarter. Baird Financial Group Inc. increased its position in Ideal Power by 17.8% in the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock valued at $2,101,000 after buying an additional 42,032 shares in the last quarter. Finally, AIGH Capital Management LLC increased its holdings in Ideal Power by 17.6% during the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock worth $6,216,000 after purchasing an additional 123,315 shares in the last quarter. 16.37% of the stock is owned by institutional investors.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.