StockNews.com Initiates Coverage on iPower (NYSE:IPW)

Research analysts at StockNews.com began coverage on shares of iPower (NYSE:IPW) in a research note issued on Friday. The brokerage set a “hold” rating on the stock.

iPower Trading Down 10.9 %

Shares of NYSE:IPW opened at $0.52 on Friday. iPower has a 1 year low of $0.40 and a 1 year high of $3.65. The firm has a fifty day moving average price of $0.65 and a 200 day moving average price of $1.01. The stock has a market capitalization of $16.26 million, a PE ratio of 2.72 and a beta of 3.69. The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in iPower in the third quarter valued at about $55,000. Chico Wealth RIA acquired a new position in iPower during the 4th quarter valued at about $197,000. Mariner LLC acquired a new stake in shares of iPower during the 4th quarter worth approximately $34,000. Finally, Two Sigma Investments LP raised its stake in shares of iPower by 169.3% during the fourth quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after buying an additional 32,557 shares during the last quarter. 2.73% of the stock is currently owned by institutional investors.

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.