iPower (NASDAQ:IPW) Releases Quarterly Earnings Results

iPower (NASDAQ:IPW) issued its quarterly earnings results on Friday. The company reported ($0.51) EPS for the quarter, Zacks reports. The firm had revenue of $12.02 million for the quarter. iPower had a negative return on equity of 24.28% and a negative net margin of 7.51%.

iPower Price Performance

IPW stock traded down $0.25 on Friday, hitting $9.40. 28,888 shares of the company were exchanged, compared to its average volume of 41,421. The stock has a market capitalization of $9.87 million, a price-to-earnings ratio of -2.09 and a beta of 3.44. iPower has a twelve month low of $8.43 and a twelve month high of $34.65. The business’s fifty day moving average is $15.86 and its two-hundred day moving average is $17.19.

Analysts Set New Price Targets

A number of brokerages recently issued reports on IPW. Weiss Ratings began coverage on shares of iPower in a research report on Tuesday, October 28th. They set a “sell (d-)” rating on the stock. Wall Street Zen raised iPower to a “sell” rating in a research note on Saturday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently 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.