Shares of Ideal Power Inc (NASDAQ:IPWR) hit a new 52-week low during trading on Friday . The company traded as low as $0.62 and last traded at $0.69, with a volume of 40746 shares trading hands. The stock had previously closed at $0.72.

A number of brokerages have recently commented on IPWR. ValuEngine raised Ideal Power from a “sell” rating to a “hold” rating in a research note on Saturday, June 2nd. B. Riley reissued a “hold” rating on shares of Ideal Power in a research note on Monday, May 14th. Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.25 price target on the stock in a research note on Tuesday, July 17th. Finally, HC Wainwright set a $2.00 price target on Ideal Power and gave the company a “buy” rating in a research note on Tuesday, August 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Ideal Power has an average rating of “Hold” and a consensus target price of $1.44.

The company has a market cap of $9.80 million, a P/E ratio of -0.87 and a beta of 0.94.

Ideal Power (NASDAQ:IPWR) last announced its quarterly earnings results on Monday, August 13th. The industrial products company reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.04. The firm had revenue of $0.62 million for the quarter, compared to analyst estimates of $0.77 million. Ideal Power had a negative return on equity of 75.12% and a negative net margin of 833.16%. equities analysts expect that Ideal Power Inc will post -0.63 EPS for the current fiscal year.

About Ideal Power (NASDAQ:IPWR)

Ideal Power Inc develops power conversion solutions with a focus on solar and storage, microgrid, and stand-alone energy storage applications. It operates through two Divisions, Power Conversion Systems and B-TRAN. The Power Conversion Systems Division focuses on its Power Packet Switching Architecture technology.

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