StockNews.com Initiates Coverage on iPower (NYSE:IPW)

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

iPower Stock Performance

iPower stock opened at $0.52 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.95 and a debt-to-equity ratio of 0.19. iPower has a twelve month low of $0.40 and a twelve month high of $3.65. The company’s 50-day moving average price is $0.65 and its 200-day moving average price is $1.01. The company has a market cap of $16.26 million, a PE ratio of 2.72 and a beta of 3.69.

Institutional Investors Weigh In On iPower

Several institutional investors have recently modified their holdings of the stock. Mariner LLC bought a new position in shares of iPower during the 4th quarter valued at approximately $34,000. Two Sigma Investments LP lifted its position in iPower by 169.3% in the fourth 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. XTX Topco Ltd purchased a new position in iPower during the third quarter worth $55,000. Finally, Chico Wealth RIA bought a new position in iPower during the fourth quarter valued at $197,000. 2.73% of the stock is owned by institutional investors.

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.