iPower (NASDAQ:IPW) Issues Quarterly Earnings Results

iPower (NASDAQ:IPW) released its earnings results on Friday. The company reported ($1.08) EPS for the quarter, Zacks reports. The firm had revenue of $7.13 million for the quarter. iPower had a negative return on equity of 17.67% and a negative net margin of 5.87%.

iPower Stock Performance

IPW opened at $3.25 on Friday. The stock has a market capitalization of $3.74 million, a price-to-earnings ratio of -0.71 and a beta of 3.46. The company has a fifty day moving average of $6.37 and a 200 day moving average of $11.96. iPower has a fifty-two week low of $3.20 and a fifty-two week high of $34.65.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of iPower from a “sell” rating to a “hold” rating in a report on Sunday, November 23rd. Weiss Ratings started coverage on iPower in a research report on Tuesday, October 28th. They issued a “sell (d-)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

About iPower

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. It also provides general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.