iPower (NASDAQ:IPW) Announces Quarterly Earnings Results

iPower (NASDAQ:IPW) posted its earnings results on Friday. The company reported ($0.51) earnings per share for the quarter, Zacks reports. The firm had revenue of $12.02 million for the quarter. iPower had a negative return on equity of 24.28% and a negative net margin of 7.51%.

iPower Stock Down 2.6%

NASDAQ:IPW opened at $9.40 on Friday. The firm has a market capitalization of $9.87 million, a P/E ratio of -2.93 and a beta of 3.44. The company has a fifty day moving average of $15.86 and a 200 day moving average of $17.19. iPower has a 52 week low of $8.43 and a 52 week high of $34.65.

Analysts Set New Price Targets

A number of brokerages recently weighed in on IPW. Wall Street Zen raised shares of iPower to a “sell” rating in a research note on Saturday. Weiss Ratings assumed coverage on shares of iPower in a report on Tuesday, October 28th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

About iPower

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.