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

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

iPower Price Performance

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

Institutional Investors Weigh In On iPower

A number of institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP increased its holdings in shares of iPower by 169.3% in the 4th 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 last quarter. Mariner LLC acquired a new position in iPower during the 4th quarter valued at approximately $34,000. Chico Wealth RIA acquired a new position in iPower during the 4th quarter valued at approximately $197,000. XTX Topco Ltd acquired a new position in iPower during the 3rd quarter valued at approximately $55,000. Finally, Royce & Associates LP acquired a new position in iPower during the 3rd quarter valued at approximately $26,000. 2.73% of the stock is currently owned by institutional investors.

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.