Ideal Power (NASDAQ:IPWR) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Ideal Power Inc. (NASDAQ:IPWR)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.32 and traded as low as $4.95. Ideal Power shares last traded at $5.28, with a volume of 110,097 shares changing hands.

Ideal Power Stock Performance

The firm has a market cap of $43.02 million, a P/E ratio of -3.77 and a beta of 1.02. The firm’s fifty day moving average price is $7.13 and its 200 day moving average price is $7.32.

Institutional Investors Weigh In On Ideal Power

Several large investors have recently modified their holdings of IPWR. AIGH Capital Management LLC raised its holdings in shares of Ideal Power by 17.6% in the 4th quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock valued at $6,216,000 after purchasing an additional 123,315 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of Ideal Power by 17.8% in the 4th quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock valued at $2,101,000 after purchasing an additional 42,032 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Ideal Power by 13.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 9,075 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Ideal Power by 34.4% in the 4th quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock valued at $102,000 after purchasing an additional 3,443 shares in the last quarter. Institutional investors own 16.37% of the company’s stock.

Ideal Power Company 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.