Ideal Power (NASDAQ:IPWR) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Ideal Power Inc. (NASDAQ:IPWR)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.16 and traded as low as $4.77. Ideal Power shares last traded at $5.01, with a volume of 41,904 shares trading hands.

Ideal Power Price Performance

The company has a 50 day moving average price of $6.90 and a 200 day moving average price of $7.16. The firm has a market cap of $40.82 million, a PE ratio of -3.58 and a beta of 1.05.

Institutional Trading of Ideal Power

Hedge funds have recently made changes to their positions in the company. Northern Trust Corp increased its stake in shares of Ideal Power by 34.4% during the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock worth $102,000 after acquiring an additional 3,443 shares during the period. Geode Capital Management LLC boosted its holdings in Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 9,075 shares in the last quarter. Baird Financial Group Inc. increased its position in Ideal Power by 17.8% during the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after purchasing an additional 42,032 shares during the period. Finally, AIGH Capital Management LLC raised its stake in shares of Ideal Power by 17.6% during the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock worth $6,216,000 after buying an additional 123,315 shares in the last quarter. Institutional investors and hedge funds own 16.37% of the company’s stock.

About Ideal Power

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.