Ideal Power (NASDAQ:IPWR) Trading Up 0.2% – Should You Buy?

Ideal Power Inc. (NASDAQ:IPWR)’s stock price shot up 0.2% on Thursday . The company traded as high as $6.49 and last traded at $6.33. 33,855 shares changed hands during mid-day trading, an increase of 28% from the average session volume of 26,518 shares. The stock had previously closed at $6.32.

Ideal Power Stock Performance

The stock has a 50 day moving average of $7.02 and a two-hundred day moving average of $7.38. The stock has a market cap of $51.59 million, a PE ratio of -4.52 and a beta of 1.06.

Insider Buying and Selling

In related news, CEO Daniel Brdar purchased 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of $5.91 per share, for a total transaction of $26,595.00. Following the completion of the acquisition, the chief executive officer now owns 179,526 shares in the company, valued at $1,060,998.66. This trade represents a 2.57 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.02% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Bailard Inc. grew its stake in shares of Ideal Power by 13.8% in the 2nd quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after buying an additional 3,100 shares in the last quarter. Geode Capital Management LLC grew its position in Ideal Power by 13.2% in the third quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock worth $639,000 after acquiring an additional 9,075 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Ideal Power by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after purchasing an additional 5,004 shares during the last quarter. 16.37% of the stock is owned by institutional investors and hedge funds.

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.