iPower (NASDAQ:IPW) Downgraded by Wall Street Zen to Strong Sell

Wall Street Zen lowered shares of iPower (NASDAQ:IPW – Free Report) from a sell rating to a strong sell rating in a report released on Sunday,Wall Street Zen reports.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of iPower in a report on Wednesday, July 15th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

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iPower Stock Performance

IPW opened at $1.77 on Friday. The stock’s 50 day simple moving average is $5.38 and its 200-day simple moving average is $49.97. The company has a current ratio of 2.20, a quick ratio of 1.81 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.66 million, a PE ratio of -0.00 and a beta of 2.92. iPower has a 1 year low of $1.53 and a 1 year high of $2,494.80.

Insider Activity

In related news, major shareholder Financial Lp Hrt bought 1,993 shares of the company’s stock in a transaction dated 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 acquisition, the insider owned 8,898 shares in the company, valued at approximately $166,570.56. This represents a 28.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

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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