iPower (NYSE:IPW) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of iPower (NYSE:IPW) in a report published on Thursday. The firm issued a hold rating on the stock.

iPower Stock Performance

NYSE:IPW opened at $0.64 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.95 and a quick ratio of 1.25. The firm has a 50-day moving average of $0.67 and a two-hundred day moving average of $1.03. The stock has a market cap of $20.13 million, a P/E ratio of 3.37 and a beta of 3.69. iPower has a 1-year low of $0.40 and a 1-year high of $3.65.

Hedge Funds Weigh In On iPower

Several large investors have recently modified their holdings of the stock. Royce & Associates LP bought a new position in shares of iPower during the third quarter worth about $26,000. XTX Topco Ltd bought a new position in shares of iPower during the third quarter worth about $55,000. Two Sigma Investments LP lifted its position in shares of iPower by 169.3% during the fourth quarter. Two Sigma Investments LP now owns 51,789 shares of the company’s stock worth $43,000 after purchasing an additional 32,557 shares during the last quarter. Mariner LLC bought a new position in shares of iPower during the fourth quarter worth about $34,000. Finally, Chico Wealth RIA bought a new position in shares of iPower during the fourth quarter worth about $197,000. 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.