Ideal Power (NASDAQ:IPWR) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Ideal Power Inc. (NASDAQ:IPWR)’s share price crossed 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 changing hands.

Ideal Power Stock Performance

The business has a 50-day moving average of $6.90 and a 200-day moving average of $7.16. The stock has a market capitalization of $40.82 million, a price-to-earnings ratio of -3.58 and a beta of 1.05.

Institutional Investors Weigh In On Ideal Power

Several large investors have recently modified their holdings of the company. Northern Trust Corp raised its position in Ideal Power by 34.4% in 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 Ideal Power by 13.2% in the third 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 during the period. Baird Financial Group Inc. raised its holdings in shares of Ideal Power by 17.8% in 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 buying an additional 42,032 shares during the last quarter. Finally, AIGH Capital Management LLC boosted its stake 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 worth $6,216,000 after buying an additional 123,315 shares during the period. 16.37% of the stock is owned by institutional investors and hedge funds.

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.