Ideal Power (NASDAQ:IPWR) Shares Gap Up to $2.25
Ideal Power Inc (NASDAQ:IPWR) gapped up prior to trading on Wednesday . The stock had previously closed at $0.45, but opened at $2.25. Ideal Power shares last traded at $2.75, with a volume of 5,603,521 shares traded.
Separately, ValuEngine raised Ideal Power from a “hold” rating to a “buy” rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $2.00.
The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.07. The business has a 50-day moving average price of $3.48 and a 200-day moving average price of $1.26.
In other news, major shareholder Awm Investment Company, Inc. sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $2.59, for a total transaction of $259,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have sold 119,516 shares of company stock worth $307,828. 5.60% of the stock is currently owned by company insiders.
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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