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

Equities research analysts at StockNews.com began coverage on shares of iPower (NYSE:IPW) in a research note issued to investors on Monday. The firm set a “hold” rating on the stock.

iPower Price Performance

Shares of NYSE:IPW opened at $0.62 on Monday. The company has a market cap of $19.50 million, a price-to-earnings ratio of 21.80 and a beta of 3.67. 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 simple moving average of $0.79 and a 200 day simple moving average of $1.14. iPower has a one year low of $0.40 and a one year high of $3.65.

Hedge Funds Weigh In On iPower

Several institutional investors and hedge funds have recently added to or reduced their stakes in IPW. Chico Wealth RIA bought a new position in iPower in the 4th quarter valued at approximately $197,000. Mariner LLC acquired a new position in iPower in the 4th quarter valued at approximately $34,000. Two Sigma Investments LP increased its position in 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 period. XTX Topco Ltd acquired a new position in iPower in the 3rd quarter valued at approximately $55,000. Finally, Royce & Associates LP acquired a new position in iPower in the 3rd quarter valued at approximately $26,000. Institutional investors own 2.73% of the company’s stock.

iPower Company Profile

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.