Ideal Power (NASDAQ:IPWR) Earns Hold Rating from Analysts at Westpark Capital

Equities research analysts at Westpark Capital assumed coverage on shares of Ideal Power (NASDAQ:IPWR) in a report released on Friday,Benzinga reports. The brokerage set a “hold” rating on the industrial products company’s stock.

Ideal Power Price Performance

Shares of NASDAQ:IPWR opened at $5.05 on Friday. The company’s fifty day moving average price is $6.05 and its 200-day moving average price is $6.85. The firm has a market capitalization of $41.15 million, a price-to-earnings ratio of -3.61 and a beta of 1.05. Ideal Power has a one year low of $4.57 and a one year high of $9.69.

Institutional Investors Weigh In On Ideal Power

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in shares of Ideal Power by 13.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,877 shares of the industrial products company’s stock valued at $639,000 after purchasing an additional 9,075 shares during the last quarter. AIGH Capital Management LLC boosted its stake in Ideal Power by 17.6% in the fourth quarter. AIGH Capital Management LLC now owns 823,315 shares of the industrial products company’s stock worth $6,216,000 after buying an additional 123,315 shares in the last quarter. Northern Trust Corp grew its position in Ideal Power by 34.4% during the fourth quarter. Northern Trust Corp now owns 13,461 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 3,443 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Ideal Power by 17.8% during the fourth quarter. Baird Financial Group Inc. now owns 278,342 shares of the industrial products company’s stock worth $2,101,000 after acquiring an additional 42,032 shares in the last quarter. Institutional investors own 16.37% of the company’s stock.

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.