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

Equities research analysts at StockNews.com started coverage on shares of iPower (NYSE:IPW) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

iPower Stock Up 0.0 %

Shares of NYSE:IPW opened at $0.46 on Friday. iPower has a fifty-two week low of $0.40 and a fifty-two week high of $3.65. The firm’s 50 day moving average price is $0.61 and its 200 day moving average price is $0.98. The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 0.19. The stock has a market cap of $14.47 million, a price-to-earnings ratio of 2.42 and a beta of 3.69.

Institutional Investors Weigh In On iPower

Several institutional investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in iPower in the third quarter valued at $55,000. Two Sigma Investments LP boosted its position 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 acquiring an additional 32,557 shares in the last quarter. Mariner LLC purchased a new position in shares of iPower in the 4th quarter valued at about $34,000. Finally, Chico Wealth RIA acquired a new stake in shares of iPower during the 4th quarter worth about $197,000. 2.73% of the stock is owned by hedge funds and other institutional investors.

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.