iPower (NASDAQ:IPW) Raised to “Sell” at Wall Street Zen

iPower (NASDAQ:IPW) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

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

iPower Price Performance

IPW stock opened at $1.87 on Friday. iPower has a 1-year low of $1.76 and a 1-year high of $2,494.80. The business has a fifty day moving average price of $7.08 and a 200-day moving average price of $57.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.20 and a quick ratio of 1.81. The stock has a market capitalization of $1.76 million, a P/E ratio of -0.00 and a beta of 2.92.

Insider Transactions at iPower

In related news, major shareholder Financial Lp Hrt bought 1,993 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was acquired at an average cost of $18.72 per share, for a total transaction of $37,308.96. Following the purchase, the insider owned 8,898 shares in the company, valued at approximately $166,570.56. This represents a 28.86% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 25.96% of the company’s stock.

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.