iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

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

iPower Price Performance

Shares of IPW stock opened at $0.76 on Friday. iPower has a fifty-two week low of $0.40 and a fifty-two week high of $3.65. The firm has a market capitalization of $23.89 million, a price-to-earnings ratio of -10.86 and a beta of 3.67. 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 simple moving average is $0.82 and its 200-day simple moving average is $1.16.

Hedge Funds Weigh In On iPower

Hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in iPower in the 3rd quarter worth approximately $55,000. Chico Wealth RIA acquired a new position in iPower in the 4th quarter worth approximately $197,000. Two Sigma Investments LP grew its stake in shares of iPower by 169.3% during the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after purchasing an additional 32,557 shares during the period. Mariner LLC acquired a new stake in shares of iPower during the 4th quarter worth approximately $34,000. Finally, Royce & Associates LP acquired a new stake in shares of iPower during the 3rd quarter worth approximately $26,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

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.