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

Analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

iPower Stock Down 0.3 %

IPW opened at $0.59 on Tuesday. iPower has a fifty-two week low of $0.40 and a fifty-two week high of $3.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95. The company has a market capitalization of $18.65 million, a P/E ratio of 3.12 and a beta of 3.67. The stock has a fifty day moving average of $0.76 and a 200-day moving average of $1.11.

Institutional Investors Weigh In On iPower

A number of hedge funds and other institutional investors have recently modified their holdings of IPW. Chico Wealth RIA bought a new position in shares of iPower in the fourth quarter worth $197,000. Mariner LLC bought a new position in shares of iPower in the fourth quarter worth $34,000. Two Sigma Investments LP increased its position in shares of iPower by 169.3% in the fourth 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. XTX Topco Ltd bought a new position in shares of iPower in the third quarter worth $55,000. Finally, Royce & Associates LP bought a new position in shares of iPower in the third quarter worth $26,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

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.