Ideal Power (NASDAQ:IPWR) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Ideal Power Inc. (NASDAQ:IPWR) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.09 and traded as low as $4.80. Ideal Power shares last traded at $5.04, with a volume of 50,445 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IPWR. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ideal Power in a research note on Wednesday. Westpark Capital reiterated a “hold” rating on shares of Ideal Power in a research note on Tuesday, October 7th. Finally, Wall Street Zen cut shares of Ideal Power to a “strong sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Ideal Power Stock Performance

The company has a 50 day moving average of $5.29 and a 200 day moving average of $5.08. The stock has a market capitalization of $42.83 million, a price-to-earnings ratio of -4.10 and a beta of 1.10.

Ideal Power (NASDAQ:IPWR) last posted its quarterly earnings results on Thursday, August 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 66.48%. The company had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.02 million.

Institutional Investors Weigh In On Ideal Power

A number of large investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of Ideal Power in the 1st quarter valued at $54,000. Jane Street Group LLC purchased a new position in Ideal Power in the second quarter valued at $54,000. AMH Equity Ltd acquired a new stake in Ideal Power in the third quarter valued at $785,000. LeConte Wealth Management LLC purchased a new stake in Ideal Power during the 1st quarter worth about $939,000. Finally, Baird Financial Group Inc. lifted its holdings in Ideal Power by 3.1% during the 1st quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock worth $1,493,000 after buying an additional 8,713 shares during the last quarter. 16.37% of the stock is owned by hedge funds and other institutional investors.

Ideal Power Company Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.