iPower (NYSE:IPW) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a report issued on Monday. The firm issued a hold rating on the stock.

iPower Price Performance

Shares of NYSE:IPW opened at $0.57 on Monday. The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 0.19. The stock has a market cap of $17.93 million, a PE ratio of 3.00 and a beta of 3.67. The stock’s fifty day simple moving average is $0.78 and its two-hundred day simple moving average is $1.13. iPower has a 1-year low of $0.40 and a 1-year high of $3.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPW. XTX Topco Ltd purchased a new stake in iPower in the 3rd quarter valued at about $55,000. Chico Wealth RIA bought a new position in shares of iPower in the fourth quarter valued at approximately $197,000. Two Sigma Investments LP increased its position 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 valued at $43,000 after acquiring an additional 32,557 shares during the last quarter. Mariner LLC bought a new stake in iPower during the fourth quarter worth $34,000. Finally, Royce & Associates LP purchased a new position in iPower in the third quarter worth $26,000. 2.73% of the stock is currently 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.