Ideal Power (NASDAQ:IPWR) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of Ideal Power (NASDAQ:IPWR) to a strong sell rating in a research note issued to investors on Saturday.

A number of other research firms have also issued reports on IPWR. Westpark Capital reiterated a “hold” rating on shares of Ideal Power in a research note on Tuesday, October 7th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ideal Power in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

Ideal Power Trading Up 0.2%

NASDAQ:IPWR opened at $4.93 on Friday. Ideal Power has a 1 year low of $3.77 and a 1 year high of $8.62. The firm’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $5.00. The firm has a market capitalization of $41.91 million, a PE ratio of -4.01 and a beta of 1.12.

Ideal Power (NASDAQ:IPWR) last posted its earnings results on Thursday, August 14th. The industrial products company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.08). Ideal Power had a negative net margin of 58,031.58% and a negative return on equity of 66.48%. The firm had revenue of $0.01 million during the quarter, compared to analyst estimates of $0.02 million.

Institutional Trading of Ideal Power

Several hedge funds and other institutional investors have recently bought and sold shares of IPWR. XTX Topco Ltd acquired a new stake in Ideal Power in the 1st quarter worth $54,000. LeConte Wealth Management LLC acquired a new stake in shares of Ideal Power during the 1st quarter valued at about $939,000. Baird Financial Group Inc. boosted its position in shares of Ideal Power by 3.1% during the 1st quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after acquiring an additional 8,713 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Ideal Power during the 2nd quarter valued at about $54,000. 16.37% of the stock is currently owned by institutional investors and hedge funds.

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.