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

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

iPower Stock Up 4.0 %

Shares of NYSE:IPW opened at $0.52 on Wednesday. iPower has a 1 year low of $0.40 and a 1 year high of $3.65. The company has a market cap of $16.35 million, a PE ratio of 2.74 and a beta of 3.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. The stock’s 50-day moving average is $0.72 and its 200 day moving average is $1.07.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Royce & Associates LP purchased a new position in shares of iPower during the 3rd quarter worth approximately $26,000. XTX Topco Ltd purchased a new position in shares of iPower during the 3rd quarter worth approximately $55,000. Two Sigma Investments LP grew its holdings in shares of iPower by 169.3% during the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after acquiring an additional 32,557 shares during the period. Mariner LLC purchased a new position in shares of iPower during the 4th quarter worth approximately $34,000. Finally, Chico Wealth RIA purchased a new position in shares of iPower during the 4th quarter worth approximately $197,000. 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.