Ideal Power (NASDAQ:IPWR) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of Ideal Power Inc. (NASDAQ:IPWR) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.36 and traded as low as $3.83. Ideal Power shares last traded at $3.98, with a volume of 75,111 shares changing hands.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wall Street Zen lowered shares of Ideal Power from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (e+)” rating on shares of Ideal Power in a research report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $10.75.

Ideal Power Trading Down 2.7%

The firm has a market cap of $65.35 million, a P/E ratio of -3.34 and a beta of 1.80. The firm’s 50 day moving average is $5.63 and its two-hundred day moving average is $4.36.

Ideal Power (NASDAQ:IPWR) last issued its earnings results on Thursday, May 14th. The industrial products company reported ($0.33) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.10).

Institutional Investors Weigh In On Ideal Power

A number of hedge funds have recently modified their holdings of the business. AIGH Capital Management LLC grew its position in shares of Ideal Power by 140.2% in the 1st quarter. AIGH Capital Management LLC now owns 1,181,696 shares of the industrial products company’s stock valued at $3,344,000 after purchasing an additional 689,707 shares during the period. AWM Investment Company Inc. boosted its holdings in shares of Ideal Power by 21.7% in the fourth quarter. AWM Investment Company Inc. now owns 786,094 shares of the industrial products company’s stock valued at $2,429,000 after buying an additional 140,349 shares during the period. AlphaCore Capital LLC bought a new stake in shares of Ideal Power during the fourth quarter worth $57,000. Susquehanna International Group LLP acquired a new stake in shares of Ideal Power during the third quarter worth $132,000. Finally, Citadel Advisors LLC bought a new stake in Ideal Power in the 3rd quarter valued at $160,000. Institutional investors and hedge funds own 16.37% of the company’s stock.

Ideal Power Company Profile

Ideal Power Inc, based in Austin, Texas, specializes in the design and manufacture of advanced power conversion solutions for a range of energy applications. The company’s core technology is its proprietary Coupled Power Delivery (CPD) architecture, which enables efficient bi-directional conversion between DC and DC, as well as DC and AC power streams. These solutions are widely applied in renewable energy systems, energy storage, microgrids, and electric mobility platforms.

Ideal Power’s product lineup includes bi-directional DC converters, solid-state transformers, and intelligent power controllers.