Ideal Power Inc. (NASDAQ:IPWR) Shares Acquired by Bailard Inc.

Bailard Inc. lifted its stake in shares of Ideal Power Inc. (NASDAQ:IPWR) by 13.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,615 shares of the industrial products company’s stock after purchasing an additional 3,100 shares during the period. Bailard Inc.’s holdings in Ideal Power were worth $181,000 as of its most recent SEC filing.

Separately, Virtu Financial LLC acquired a new position in Ideal Power in the first quarter valued at approximately $90,000. Institutional investors and hedge funds own 16.37% of the company’s stock.

Ideal Power Stock Performance

IPWR opened at $7.70 on Wednesday. Ideal Power Inc. has a one year low of $6.52 and a one year high of $13.98. The stock has a market capitalization of $59.17 million, a PE ratio of -4.84 and a beta of 1.04. The business’s 50 day moving average price is $7.57 and its 200 day moving average price is $8.19.

Ideal Power Profile

Ideal Power Inc focuses on the development and commercialization of its bidirectional bipolar junction TRANsistor solid-state switch technology. It also offers SymCool Power Module designed to meet low conduction loss needs of the solid-state circuit breaker market. The company serves electric and hybrid electric vehicles, electric vehicle charging, renewable energy and energy storage system power converters, uninterruptible power supplies for data centers, industrial motor drives, solid-state circuit breakers, distribution and transmission switches and controls, and other industrial and military markets.