XTX Topco Ltd Buys New Shares in iPower Inc. (NYSE:IPW)

XTX Topco Ltd bought a new position in shares of iPower Inc. (NYSE:IPW) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 30,423 shares of the company’s stock, valued at approximately $55,000. XTX Topco Ltd owned about 0.10% of iPower at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Royce & Associates LP bought a new position in iPower in the third quarter valued at approximately $26,000. Heron Bay Capital Management bought a new stake in shares of iPower during the 2nd quarter valued at about $65,000. Renaissance Technologies LLC grew its holdings in iPower by 197.8% in the second quarter. Renaissance Technologies LLC now owns 41,100 shares of the company’s stock worth $85,000 after purchasing an additional 27,300 shares during the period. Finally, Armistice Capital LLC bought a new position in shares of iPower in the 2nd quarter worth $3,043,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

iPower Trading Down 0.2 %

iPower stock opened at $0.86 on Monday. iPower Inc. has a fifty-two week low of $0.40 and a fifty-two week high of $3.65. The stock has a market cap of $26.97 million, a P/E ratio of -12.26 and a beta of 3.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.25 and a current ratio of 1.86. The firm’s fifty day moving average price is $1.14 and its 200-day moving average price is $1.49.

iPower (NYSE:IPW) last announced its earnings results on Thursday, September 19th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. iPower had a negative net margin of 2.89% and a negative return on equity of 7.34%. The company had revenue of $19.45 million during the quarter, compared to analyst estimates of $21.30 million.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered iPower from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th.

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.