Ideal Power (NASDAQ:IPWR) Stock Passes Below 200 Day Moving Average – Time to Sell?

Ideal Power Inc. (NASDAQ:IPWR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.02 and traded as low as $4.73. Ideal Power shares last traded at $4.80, with a volume of 6,495 shares traded.

Ideal Power Stock Performance

The stock has a market capitalization of $39.11 million, a price-to-earnings ratio of -3.43 and a beta of 1.05. The company has a fifty day simple moving average of $6.56 and a 200 day simple moving average of $7.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of IPWR. Geode Capital Management LLC lifted its holdings in Ideal Power by 13.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock worth $639,000 after buying an additional 9,075 shares during the period. AIGH Capital Management LLC raised its position in shares of Ideal Power by 17.6% in the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock worth $6,216,000 after acquiring an additional 123,315 shares in the last quarter. Northern Trust Corp raised its position in shares of Ideal Power by 34.4% in the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 3,443 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Ideal Power by 17.8% in the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 42,032 shares in 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.