Shares of Ideal Power Inc. (NASDAQ:IPWR) traded down 14.1% during mid-day trading on Friday . The stock traded as low as $1.65 and last traded at $1.71. 1,761,900 shares were traded during mid-day trading, an increase of 979% from the average session volume of 163,325 shares. The stock had previously closed at $1.99.

Several analysts recently issued reports on the company. B. Riley reissued a “buy” rating on shares of Ideal Power in a research note on Wednesday, November 1st. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Ideal Power in a research note on Monday, November 13th. Roth Capital set a $2.00 target price on Ideal Power and gave the stock a “hold” rating in a research note on Saturday, November 25th. Finally, Zacks Investment Research raised Ideal Power from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research note on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $4.13.

The firm has a market cap of $23.93, a PE ratio of -1.48 and a beta of 1.40.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings data on Thursday, November 9th. The industrial products company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.05. The business had revenue of $0.40 million for the quarter, compared to analysts’ expectations of $0.61 million. Ideal Power had a negative return on equity of 83.89% and a negative net margin of 839.03%. Ideal Power’s revenue was up .0% on a year-over-year basis. equities research analysts expect that Ideal Power Inc. will post -0.83 earnings per share for the current fiscal year.

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Ideal Power Company Profile

Ideal Power Inc (Ideal Power) designs, markets and sells electrical power conversion products using its Power Packet Switching Architecture (PPSA) technology. The Company’s PPSA is a power conversion technology that utilizes standardized hardware with application specific embedded software. It sells products to systems integrators for integration into their system, which enable end users to manage their electricity consumption by reducing demand charges or fossil fuel consumption, integrating renewable energy sources and form their own microgrid.

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