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

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

iPower Stock Down 10.9 %

IPW stock opened at $0.52 on Friday. The company has a market cap of $16.26 million, a price-to-earnings ratio of 2.72 and a beta of 3.69. The company has a fifty day moving average price of $0.65 and a 200 day moving average price of $1.01. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. iPower has a 12 month low of $0.40 and a 12 month high of $3.65.

Institutional Investors Weigh In On iPower

Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in iPower in the 3rd quarter valued at about $55,000. Chico Wealth RIA acquired a new stake in iPower during the 4th quarter worth approximately $197,000. Two Sigma Investments LP grew its stake in shares of 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 last quarter. Finally, Mariner LLC purchased a new position in shares of iPower in the 4th quarter valued at approximately $34,000. 2.73% of the stock is owned by hedge funds and other 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.