iPower Inc. (NASDAQ:IPW – Get Free Report) major shareholder Financial Lp Hrt sold 12,940 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $1.78, for a total value of $23,033.20. Following the transaction, the insider directly owned 67,148 shares in the company, valued at approximately $119,523.44. The trade was a 16.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Monday, July 6th, Financial Lp Hrt bought 17,944 shares of iPower stock. The shares were bought at an average price of $2.08 per share, for a total transaction of $37,323.52.
iPower Stock Performance
IPW traded up $0.07 during midday trading on Thursday, hitting $1.64. 235,143 shares of the company traded hands, compared to its average volume of 269,597. The company’s 50-day moving average is $4.04 and its 200 day moving average is $21.05. The company has a quick ratio of 1.81, a current ratio of 2.20 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.08 million, a PE ratio of -0.03 and a beta of 2.91. iPower Inc. has a 52 week low of $1.54 and a 52 week high of $277.20.
Wall Street Analyst Weigh In
Several research analysts have issued reports on IPW shares. Wall Street Zen raised iPower from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of iPower in a research note on Friday, April 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Get Our Latest Analysis on IPW
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. It also provides 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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