Ideal Power (NASDAQ:IPWR) Coverage Initiated by Analysts at Westpark Capital

Equities researchers at Westpark Capital assumed coverage on shares of Ideal Power (NASDAQ:IPWR) in a research note issued to investors on Friday,Benzinga reports. The firm set a “hold” rating on the industrial products company’s stock.

Ideal Power Stock Down 3.3 %

Shares of IPWR opened at $5.05 on Friday. The stock has a market capitalization of $41.15 million, a P/E ratio of -3.61 and a beta of 1.05. Ideal Power has a twelve month low of $4.57 and a twelve month high of $9.69. The firm has a fifty day simple moving average of $6.05 and a two-hundred day simple moving average of $6.85.

Institutional Trading of Ideal Power

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

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.