Ideal Power (NASDAQ:IPWR) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of Ideal Power Inc. (NASDAQ:IPWR) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $7.59 and traded as low as $7.31. Ideal Power shares last traded at $7.52, with a volume of 16,735 shares.

Ideal Power Trading Down 1.2 %

The business has a 50 day moving average of $7.78 and a two-hundred day moving average of $7.59. The firm has a market cap of $56.40 million, a P/E ratio of -4.62 and a beta of 1.07.

Ideal Power (NASDAQ:IPWR) last issued its quarterly earnings data on Wednesday, August 14th. The industrial products company reported ($0.31) earnings per share for the quarter. Ideal Power had a negative net margin of 7,138.19% and a negative return on equity of 62.80%.

Institutional Investors Weigh In On Ideal Power

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Ideal Power by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 268,926 shares of the industrial products company’s stock worth $2,393,000 after purchasing an additional 5,004 shares during the last quarter. Bailard Inc. grew its stake in shares of Ideal Power by 13.8% in the second quarter. Bailard Inc. now owns 25,615 shares of the industrial products company’s stock valued at $181,000 after acquiring an additional 3,100 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Ideal Power during the first quarter worth about $90,000. 16.37% of the stock is currently 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.