XTX Topco Ltd Invests $55,000 in iPower Inc. (NYSE:IPW)

XTX Topco Ltd purchased a new stake in shares of iPower Inc. (NYSE:IPW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 30,423 shares of the company’s stock, valued at approximately $55,000.

A number of other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of iPower by 197.8% in the 2nd quarter. Renaissance Technologies LLC now owns 41,100 shares of the company’s stock worth $85,000 after buying an additional 27,300 shares during the last quarter. Heron Bay Capital Management purchased a new stake in iPower in the second quarter worth $65,000. Armistice Capital LLC bought a new position in iPower in the second quarter worth $3,043,000. Finally, Royce & Associates LP purchased a new position in iPower during the third quarter valued at $26,000. Institutional investors own 2.73% of the company’s stock.

iPower Stock Performance

iPower stock opened at $0.86 on Monday. iPower Inc. has a twelve month low of $0.40 and a twelve month high of $3.65. The company has a market capitalization of $26.97 million, a P/E ratio of -12.26 and a beta of 3.75. The stock’s 50 day moving average is $1.14 and its 200 day moving average is $1.49. The company has a quick ratio of 1.25, a current ratio of 1.86 and a debt-to-equity ratio of 0.15.

iPower (NYSE:IPW) last released its quarterly earnings data on Thursday, September 19th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. iPower had a negative net margin of 2.89% and a negative return on equity of 7.34%. The business had revenue of $19.45 million during the quarter, compared to analyst estimates of $21.30 million.

Analyst Ratings Changes

Separately, StockNews.com cut shares of iPower from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

iPower 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.