Ideal Power (NASDAQ:IPWR) Stock Passes Above 50 Day Moving Average – Should You Sell?

Shares of Ideal Power Inc. (NASDAQ:IPWR) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.89 and traded as high as $6.99. Ideal Power shares last traded at $6.83, with a volume of 35,562 shares.

Ideal Power Price Performance

The firm has a fifty day simple moving average of $6.89 and a 200-day simple moving average of $7.35. The firm has a market cap of $55.65 million, a P/E ratio of -4.88 and a beta of 1.05.

Insider Buying and Selling

In other Ideal Power news, CEO Daniel Brdar purchased 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of $5.91 per share, with a total value of $26,595.00. Following the transaction, the chief executive officer now owns 179,526 shares in the company, valued at $1,060,998.66. The trade was a 2.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.02% of the stock is owned by company insiders.

Institutional Trading of Ideal Power

A hedge fund recently raised its stake in Ideal Power stock. Geode Capital Management LLC grew its position in Ideal Power Inc. (NASDAQ:IPWR) by 13.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,877 shares of the industrial products company’s stock after purchasing an additional 9,075 shares during the period. Geode Capital Management LLC owned about 1.01% of Ideal Power worth $639,000 at the end of the most recent reporting period. Institutional investors own 16.37% of the company’s stock.

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.