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

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

iPower Trading Down 6.4 %

NYSE IPW opened at $0.66 on Friday. 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 0.15, a quick ratio of 1.25 and a current ratio of 1.86. The stock’s 50 day moving average price is $0.83 and its two-hundred day moving average price is $1.20. The stock has a market capitalization of $20.89 million, a price-to-earnings ratio of -9.49 and a beta of 3.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IPW. Royce & Associates LP bought a new stake in shares of iPower in the 3rd quarter valued at about $26,000. XTX Topco Ltd acquired a new stake in shares of iPower in the third quarter valued at approximately $55,000. Renaissance Technologies LLC boosted its stake in shares of iPower by 197.8% during the 2nd quarter. Renaissance Technologies LLC now owns 41,100 shares of the company’s stock worth $85,000 after acquiring an additional 27,300 shares during the period. Finally, Chico Wealth RIA acquired a new position in shares of iPower during the 4th quarter worth approximately $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.