iPower (NASDAQ:IPW) Cut to Strong Sell at Wall Street Zen

Wall Street Zen downgraded shares of iPower (NASDAQ:IPW – Free Report) from a sell rating to a strong sell rating in a research report sent to investors on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of iPower in a research note on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

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iPower Trading Up 4.7%

NASDAQ IPW opened at $3.81 on Friday. 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 stock’s 50-day simple moving average is $15.43 and its two-hundred day simple moving average is $95.99. iPower has a twelve month low of $2.97 and a twelve month high of $2,494.80. The company has a market capitalization of $2.97 million, a price-to-earnings ratio of -0.01 and a beta of 3.00.

iPower (NASDAQ:IPW – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The company reported ($12.96) earnings per share (EPS) for the quarter. The firm had revenue of $3.50 million during the quarter. iPower had a negative return on equity of 26.96% and a negative net margin of 23.43%.During the same period in the prior year, the firm earned ($50.40) EPS.

Insider Buying and Selling

In other iPower news, major shareholder Financial Lp Hrt purchased 1,993 shares of the stock in a transaction on Monday, July 6th. The stock was acquired at an average cost of $18.72 per share, with a total value of $37,308.96. Following the completion of the purchase, the insider directly owned 8,898 shares of the company’s stock, valued at approximately $166,570.56. This trade represents a 28.86% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 25.96% of the stock is currently owned by insiders.

iPower Company Profile

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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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