iPower (NYSE:IPW) Research Coverage Started at StockNews.com

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

iPower Price Performance

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in iPower in the third quarter valued at approximately $55,000. Two Sigma Investments LP lifted its position 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 buying an additional 32,557 shares during the last quarter. Mariner LLC acquired a new position in shares of iPower in the 4th quarter valued at $34,000. Finally, Chico Wealth RIA purchased a new position in shares of iPower in the 4th quarter valued at $197,000. Hedge funds and other institutional investors own 2.73% of the company’s stock.

About iPower

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.