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

StockNews.com started coverage on shares of iPower (NYSE:IPW) in a research note published on Wednesday. The brokerage issued a hold rating on the stock.

iPower Stock Performance

NYSE IPW opened at $0.48 on Wednesday. iPower has a 52-week low of $0.40 and a 52-week high of $3.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95. The company has a market capitalization of $15.10 million, a P/E ratio of 2.53 and a beta of 3.69. The company has a fifty day moving average of $0.71 and a 200-day moving average of $1.06.

Institutional Trading of iPower

Several hedge funds have recently added to or reduced their stakes in IPW. Royce & Associates LP bought a new stake in iPower in the third quarter worth $26,000. Mariner LLC purchased a new position in shares of iPower in the fourth quarter valued at about $34,000. Two Sigma Investments LP increased 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 acquiring an additional 32,557 shares during the period. XTX Topco Ltd purchased a new position in shares of iPower in the third quarter valued at about $55,000. Finally, Chico Wealth RIA purchased a new position in shares of iPower in the fourth quarter valued at about $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.