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

Analysts at StockNews.com began coverage on shares of iPower (NYSE:IPW) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

iPower Trading Up 12.5 %

IPW opened at $0.64 on Thursday. The stock has a market cap of $20.13 million, a price-to-earnings ratio of 3.37 and a beta of 3.69. The stock’s 50 day moving average price is $0.67 and its 200-day moving average price is $1.03. iPower has a one year low of $0.40 and a one year high of $3.65. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95.

Institutional Trading of iPower

A number of hedge funds have recently bought and sold shares of the stock. Royce & Associates LP purchased a new stake in iPower during the third quarter worth $26,000. XTX Topco Ltd purchased a new stake in iPower during the third quarter worth $55,000. Two Sigma Investments LP lifted 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 valued at $43,000 after purchasing an additional 32,557 shares during the last quarter. Mariner LLC purchased a new stake in shares of iPower during the 4th quarter valued at $34,000. Finally, Chico Wealth RIA purchased a new stake in shares of iPower during 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.