iPower (NYSE:IPW) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of iPower (NYSE:IPW) in a research note released on Sunday morning. The firm issued a hold rating on the stock.

iPower Stock Performance

Shares of IPW opened at $0.53 on Friday. iPower has a 1 year low of $0.40 and a 1 year high of $3.65. The stock has a market capitalization of $16.67 million, a P/E ratio of 2.79 and a beta of 3.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.25 and a current ratio of 1.95. The company’s fifty day moving average is $0.57 and its two-hundred day moving average is $0.91.

Institutional Investors Weigh In On iPower

A number of hedge funds have recently added to or reduced their stakes in the company. Mariner LLC purchased a new position in shares of iPower during the 4th quarter worth approximately $34,000. Two Sigma Investments LP lifted its holdings in iPower by 169.3% in the fourth quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock valued at $43,000 after acquiring an additional 32,557 shares during the period. XTX Topco Ltd purchased a new stake in shares of iPower during the 3rd quarter worth $55,000. Finally, Chico Wealth RIA purchased a new stake in shares of iPower during the 4th quarter worth $197,000. Institutional investors and hedge funds own 2.73% of the company’s stock.

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.