iPower (NYSE:IPW – Get Free Report) will post its quarterly earnings results after the market closes on Thursday, September 14th. Analysts expect iPower to post earnings of ($0.03) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.
iPower Stock Up 8.0 %
Shares of IPW opened at $0.80 on Thursday. The business’s 50 day simple moving average is $0.88 and its 200-day simple moving average is $0.75. iPower has a 1 year low of $0.35 and a 1 year high of $1.45. The stock has a market capitalization of $21.16 million, a price-to-earnings ratio of -2.28 and a beta of 2.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.88 and a quick ratio of 0.96.
Analyst Upgrades and Downgrades
Separately, StockNews.com began coverage on iPower in a report on Wednesday. They issued a “hold” rating on the stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in IPW. Vanguard Group Inc. increased its holdings in iPower by 409.0% during the 1st quarter. Vanguard Group Inc. now owns 353,924 shares of the company’s stock worth $595,000 after acquiring an additional 284,391 shares during the period. Millennium Management LLC bought a new stake in shares of iPower during the second quarter valued at approximately $52,000. Renaissance Technologies LLC bought a new stake in shares of iPower during the first quarter valued at approximately $61,000. Finally, Geode Capital Management LLC increased its position in iPower by 91.9% in the second quarter. Geode Capital Management LLC now owns 74,139 shares of the company’s stock worth $82,000 after purchasing an additional 35,498 shares during the last quarter. Institutional investors and hedge funds own 2.95% of the company’s stock.
iPower Company Profile
iPower Inc operates as an online retailer and supplier of hydroponics equipment and accessories for commercial businesses and individuals in the United States. It offers advanced indoor and greenhouse grow-light systems, ventilation systems, activated carbon filters, nutrients, growing media, hydroponic water-resistant grow tents, trimming machines, pumps, and accessories for hydroponic gardening; general gardening products, including environmental sensors and controls; and home products, which comprise commercial fans, floor and wall fans, storage and shelving units, and chairs.
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