Ideal Power (NASDAQ:IPWR) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Ideal Power Inc. (NASDAQ:IPWR) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.89 and traded as high as $6.99. Ideal Power shares last traded at $6.83, with a volume of 35,562 shares traded.

Ideal Power Stock Up 7.2 %

The stock has a market capitalization of $55.65 million, a P/E ratio of -4.88 and a beta of 1.05. The stock’s 50 day moving average price is $6.89 and its 200-day moving average price is $7.35.

Insider Transactions at Ideal Power

In other news, CEO Daniel Brdar acquired 4,500 shares of Ideal Power stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of $5.91 per share, for a total transaction of $26,595.00. Following the purchase, the chief executive officer now directly owns 179,526 shares in the company, valued at $1,060,998.66. The trade was a 2.57 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 5.02% of the company’s stock.

Institutional Trading of Ideal Power

A hedge fund recently raised its stake in Ideal Power stock. Bailard Inc. grew its holdings in Ideal Power Inc. (NASDAQ:IPWR) by 13.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,615 shares of the industrial products company’s stock after acquiring an additional 3,100 shares during the quarter. Bailard Inc. owned 0.33% of Ideal Power worth $181,000 at the end of the most recent reporting period. 16.37% of the stock is currently owned by hedge funds and other institutional investors.

About Ideal Power

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.