iPower (NYSE:IPW) Now Covered by StockNews.com

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

iPower Price Performance

Shares of NYSE IPW opened at $0.76 on Friday. iPower has a twelve month low of $0.40 and a twelve month high of $3.65. The company has a current ratio of 1.86, a quick ratio of 1.25 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $23.89 million, a price-to-earnings ratio of -10.86 and a beta of 3.67. The business has a 50 day simple moving average of $0.83 and a 200-day simple moving average of $1.17.

Institutional Investors Weigh In On iPower

A number of institutional investors have recently made changes to their positions in IPW. Chico Wealth RIA purchased a new stake in iPower in the 4th quarter worth approximately $197,000. Mariner LLC acquired a new position in iPower in the 4th quarter valued at $34,000. XTX Topco Ltd acquired a new position in iPower in the 3rd quarter valued at $55,000. Finally, Royce & Associates LP acquired a new position in iPower in the 3rd quarter valued at $26,000. 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.