Ideal Power (NASDAQ:IPWR) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Ideal Power Inc. (NASDAQ:IPWR) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.09 and traded as low as $4.80. Ideal Power shares last traded at $5.04, with a volume of 50,445 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Ideal Power in a report on Wednesday. Westpark Capital reiterated a “hold” rating on shares of Ideal Power in a research note on Tuesday, October 7th. Finally, Wall Street Zen cut Ideal Power to a “strong sell” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Ideal Power presently has an average rating of “Reduce”.

Ideal Power Trading Down 0.2%

The firm has a market cap of $42.83 million, a P/E ratio of -4.10 and a beta of 1.10. The business’s 50-day moving average is $5.29 and its two-hundred day moving average is $5.09.

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

Institutional Investors Weigh In On Ideal Power

A number of hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new position in Ideal Power during the 1st quarter valued at about $54,000. Baird Financial Group Inc. raised its holdings in shares of Ideal Power by 3.1% during the first quarter. Baird Financial Group Inc. now owns 287,055 shares of the industrial products company’s stock valued at $1,493,000 after buying an additional 8,713 shares during the last quarter. LeConte Wealth Management LLC acquired a new position in shares of Ideal Power during the first quarter worth approximately $939,000. Vanguard Group Inc. grew its holdings in Ideal Power by 4.9% in the 3rd quarter. Vanguard Group Inc. now owns 359,089 shares of the industrial products company’s stock worth $1,806,000 after buying an additional 16,883 shares in the last quarter. Finally, AMH Equity Ltd acquired a new stake in Ideal Power in the 3rd quarter valued at approximately $785,000. 16.37% of the stock is currently owned by institutional investors.

About Ideal Power

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.