iPower (NYSE:IPW) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of iPower (NYSE:IPW) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

iPower Price Performance

Shares of NYSE IPW opened at $0.48 on Wednesday. iPower 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 $15.10 million, a price-to-earnings ratio of 2.53 and a beta of 3.69. 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 firm’s 50-day simple moving average is $0.71 and its 200 day simple moving average is $1.06.

Institutional Investors Weigh In On iPower

Several institutional investors and hedge funds have recently added to or reduced their stakes in IPW. Royce & Associates LP purchased a new stake in iPower in the 3rd quarter valued at about $26,000. XTX Topco Ltd purchased a new position in iPower in the 3rd quarter valued at approximately $55,000. Chico Wealth RIA purchased a new position in iPower in the 4th quarter valued at approximately $197,000. Mariner LLC bought a new position in iPower in the 4th quarter valued at $34,000. Finally, Two Sigma Investments LP boosted its holdings in iPower by 169.3% in the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock valued at $43,000 after purchasing an additional 32,557 shares during the period. Hedge funds and other institutional investors 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.