iPower (NYSE:IPW) Earns Hold Rating from Analysts at StockNews.com

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

iPower Price Performance

IPW stock opened at $0.55 on Tuesday. The firm’s 50-day moving average price is $0.75 and its two-hundred day moving average price is $1.10. iPower has a 12-month low of $0.40 and a 12-month high of $3.65. The stock has a market capitalization of $17.45 million, a price-to-earnings ratio of 2.92 and a beta of 3.67. The company has a current ratio of 1.95, a quick ratio of 1.25 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On iPower

A number of hedge funds have recently modified their holdings of the company. Royce & Associates LP bought a new stake in shares of iPower during the 3rd quarter valued at about $26,000. Mariner LLC bought a new stake in shares of iPower during the 4th quarter valued at about $34,000. Two Sigma Investments LP boosted its stake in shares of iPower by 169.3% during the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock valued at $43,000 after purchasing an additional 32,557 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of iPower during the 3rd quarter valued at about $55,000. Finally, Chico Wealth RIA bought a new stake in shares of iPower during the 4th quarter valued at about $197,000. Hedge funds and other institutional investors 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.