StockNews.com Begins Coverage on iPower (NYSE:IPW)

Equities research analysts at StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a report issued on Tuesday. The firm set a “hold” rating on the stock.

iPower Trading Up 3.5 %

NYSE:IPW opened at $0.60 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. iPower has a 12-month low of $0.40 and a 12-month high of $3.65. The business has a 50 day simple moving average of $0.75 and a 200 day simple moving average of $1.10. The firm has a market capitalization of $18.87 million, a P/E ratio of 3.16 and a beta of 3.67.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP acquired a new position in iPower during the 3rd quarter worth $26,000. XTX Topco Ltd acquired a new position in iPower during the 3rd quarter worth $55,000. Mariner LLC acquired a new position in iPower during the 4th quarter worth $34,000. Two Sigma Investments LP boosted its position in iPower by 169.3% during the 4th quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after acquiring an additional 32,557 shares during the period. Finally, Chico Wealth RIA acquired a new position in 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.